Kiwibank has raised its variable and revolving home loan interest rates from 6.15% p.a. to 6.40% p.a.. The increase is effective today for new customers and will be effective 2nd of July for existing customers.

The bank is also raising the rates for Notice Saver and some Term Deposit products at the same time.

The 32-day Notice Saver will increase to 3.80% p.a. and the 90-day Notice Saver will increase to 4.35% p.a. effective 2nd of July.

The 30-day and 60-day Term Deposits will increase by 25 points to 3.25% p.a.

The 90-day Term Deposits will increase by 25 points to 3.50% p.a.

The 200-day Term Deposits will increase to 4.40% and the 1-year Term Deposits will increase to 4.50% p.a. The Term Deposit increases will be effective Monday, 23rd June.

For further information:
Bruce Thompson, Communications Manager (04) 460 6831