HSBC has raised its Premier mortgage rates for fixed terms of two to four years by 0.10%, and lowered its six month fixed rate by 0.30%. This brings its two to four year rates into line with the other major banks, but positions its six month rate as the lowest among all banks at 5.39%, equal to the Westpac rate for the same term. Westpac went to this lower rate two weeks ago. HSBC's Premier rates are only for mortgages of $500,000 and higher. At the same time, HSBC has raised its 5 year term deposit rate by +0.40% to 6.30% for a $10,000 or greater deposit (and to 6.40% for deposits of $100,000 or more).
Only RaboPlus has a higher 5 year term deposit offer among banks. You can see all current mortgage rates here >> You can see all current term deposit rates here >>
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.