Kiwibank has made cuts to variable rates following the 0.25% cut announced this morning by the Reserve Bank. Variable, revolving and offset mortgage rates have all been cut by 0.25% to 5.65% p.a.
The new rates will take effect on Monday December 14 for new customers and in two weeks for existing customers.
For further information:
Bruce Thompson, Kiwibank Communications Manager (04) 460 6831