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Bank that started the current rate-cutting round in mid-September is back at it again, this time with a one year rate lower than all the main banks

Bank that started the current rate-cutting round in mid-September is back at it again, this time with a one year rate lower than all the main banks

The Red Bank comes back for more, making sure it has two market leading fixed rate terms. It also cuts term deposit rates. The Co-operative Bank cuts both as well

The Red Bank comes back for more, making sure it has two market leading fixed rate terms. It also cuts term deposit rates. The Co-operative Bank cuts both as well

Kiwibank cuts its fixed home loan rates, the last of the majors to move lower in this rate cycle. It now has the lowest fixed six month rate, but me-too for other fixed terms

Kiwibank cuts its fixed home loan rates, the last of the majors to move lower in this rate cycle. It now has the lowest fixed six month rate, but me-too for other fixed terms

Following Tuesday's term deposit rate cuts, BNZ moves to match its main rivals' lowest home loan rate offers for all fixed terms

Following Tuesday's term deposit rate cuts, BNZ moves to match its main rivals' lowest home loan rate offers for all fixed terms

Savers are being forced to contemplate after-tax returns from term deposits that come in sharply less than inflation and don't keep up with household living cost rises

Savers are being forced to contemplate after-tax returns from term deposits that come in sharply less than inflation and don't keep up with household living cost rises

The second largest mortgage bank cuts home loan rates in response to the largest lender's cuts late last week. But some are me-too, some not as good as their main rivals, one dips just -4 bps

The second largest mortgage bank cuts home loan rates in response to the largest lender's cuts late last week. But some are me-too, some not as good as their main rivals, one dips just -4 bps

ANZ trims fixed rates, but only to levels that make them look good against their main rivals. Some challenger banks have much lower rates. ANZ also pushed through matching term deposit rate cuts

ANZ trims fixed rates, but only to levels that make them look good against their main rivals. Some challenger banks have much lower rates. ANZ also pushed through matching term deposit rate cuts

Bank of China makes the first broad fixed mortgage rate cuts since the October 8 OCR cut. Not to be outdone, ICBC now goes even lower. Will this induce the main banks to move too?

Bank of China makes the first broad fixed mortgage rate cuts since the October 8 OCR cut. Not to be outdone, ICBC now goes even lower. Will this induce the main banks to move too?

ANZ is the first mover after the -50 bps OCR cut, passing on -40 bps to floating rate borrowers, Westpac only passes on -30 bps, ASB & BNZ go -30 bps too. By Kiwibank it is -35 bps

ANZ is the first mover after the -50 bps OCR cut, passing on -40 bps to floating rate borrowers, Westpac only passes on -30 bps, ASB & BNZ go -30 bps too. By Kiwibank it is -35 bps

Term deposit rates are falling, and as low as they are, the chances of them falling further is high. So locking in some current rates may avoid rate-drop pain that is yet to happen

Term deposit rates are falling, and as low as they are, the chances of them falling further is high. So locking in some current rates may avoid rate-drop pain that is yet to happen

Another big bank has trimmed its term deposit rates, aligning them with their main rivals. But the overall trend is for lower TD rates. Savers should reassess their penchant for keeping their TD terms short

Another big bank has trimmed its term deposit rates, aligning them with their main rivals. But the overall trend is for lower TD rates. Savers should reassess their penchant for keeping their TD terms short

The Cooperative Bank kicks off the latest round of floating home loan rate reductions with matching cuts to variable rates and savings account rates. ANZ follows with a lesser cut, Westpac too. Now Kiwibank

The Cooperative Bank kicks off the latest round of floating home loan rate reductions with matching cuts to variable rates and savings account rates. ANZ follows with a lesser cut, Westpac too. Now Kiwibank

Term deposit rate offers have been falling as home loan rates are cut. We benchmark how the spread of offers compare for savers, and note the standouts

Term deposit rate offers have been falling as home loan rates are cut. We benchmark how the spread of offers compare for savers, and note the standouts

The fall in term deposit rates has probably picked up steam after ANZ's -15 bps cuts. But at least Kiwibank now offers an above 4% rate. How long will that last?

The fall in term deposit rates has probably picked up steam after ANZ's -15 bps cuts. But at least Kiwibank now offers an above 4% rate. How long will that last?

Rates and rate curves ease lower and flatten for savers using term deposits. There seems little reason for banks to compete hard for this type of funding

Rates and rate curves ease lower and flatten for savers using term deposits. There seems little reason for banks to compete hard for this type of funding