Upcoming & recent changes
Home loans, business loans & savings variable rate change — 25 August 2025
We’re making rate changes to our variable home loans and savings accounts across personal and business accounts. We're also changing our standard business and housing backed loans.
These rate changes impact Variable, Offset and Revolving home loans, Variable, Overdraft and Revolving business loans, and our Notice Saver, Online Call, PIE Online Call and Business Online Call accounts.
Variable, Offset & Revolving home loans
We're decreasing our rates on the following home loans from:
- Monday 25 August 2025 for new loans
- Monday 8 September 2025 for existing loans.
| Empty header |
Previous rate |
New rate |
|---|---|---|
|
Variable home loan |
6.35% p.a. |
6.15% p.a. |
|
Offset home loan |
6.35% p.a. |
6.15% p.a. |
|
Revolving home loan |
6.40% p.a. |
6.20% p.a. |
* Applicable for both special and standard interest rates.
Business Variable, Overdraft & Revolving loans
We're decreasing our rates for new and existing standard business and housing backed loans. These will decrease by 0.20% p.a. on:
- Monday 25 August 2025 for new loans
- Monday 8 September for existing loans.
We're decreasing our Asset Finance Variable rates by 0.15% on:
- Monday 25 August 2025 for new loans
- Monday 8 September 2025 for existing loans (effective from the next repayment date).
If these changes affect you, we'll contact you prior to the interest rate changing in accordance with your loan agreement.
Notice Saver, Online Call, PIE Online Call & Business Online call accounts
We're decreasing our rates on Monday 25 August 2025 on the following accounts:
Notice saver
| Empty header |
Previous rate |
New rate |
|---|---|---|
|
90 Day Notice Saver |
3.10% p.a. |
2.85% p.a. |
|
32 Day Notice Saver |
2.55% p.a. |
2.30% p.a. |
Online Call, PIE Online Call & Business Online Call
| Empty header |
Previous rate |
New rate |
||
|---|---|---|---|---|
| Empty header |
Base rate |
Bonus rate |
Base rate |
Bonus rate |
|
Online Call |
2.25% p.a. |
0.00% p.a. |
2.00% p.a. |
0.00% p.a. |
|
PIE Online Call |
2.25% p.a. |
0.00% p.a. |
2.00% p.a. |
0.00% p.a. |
|
Business Online Call* |
2.25% p.a. |
0.05% p.a. |
2.00% p.a. |
0.05% p.a. |
* Minimum balance of $2,000
Displayed interest rates are subject to change.
Kiwibank PIE Online Call Fund and Kiwibank Notice Saver are funds within a Portfolio Investment Entity (PIE). Units in Kiwibank PIE Online Call Fund and Kiwibank Notice Saver are distributed by Kiwibank Limited and are issued by Kiwibank Investment Management Limited.
For a full list of our current interest rates, please visit our rates and fees page.
Date effective: 25 August 2025
Date published: 25 August 2025
Changes to Business Online Call - 1 September 2025
We're making some changes to our Business Online Call account.
Summary of changes
We’re removing the minimum balance of $2,000 required to earn the base interest rate.
|
Previous |
New |
||
|---|---|---|---|
|
Balance |
Base rate |
Balance |
Base rate |
|
$0 - $1,999 |
0.00% p.a.* |
$0+ |
2.25% p.a.* |
|
$2,000+ |
2.25% p.a.* |
Empty header | Empty header |
* Displayed interest rates are subject to change.
See all our business rates and fees.
We’re removing the deposit fee:
| Empty header |
Previous |
New |
|---|---|---|
|
Deposit fee |
First 100 electronic deposits free per business month, then $2 per electronic deposit. First 100 manual deposits (at your nearest Kiwibank) free per business per month, then $2 per manual deposit. |
No fee. |
Download a copy of the updated Business Banking Fees and Limits effective from 1 September 2025.
Date effective: 1 September 2025
Date published: 12 August 2025
Changes to our home loan fees — 4 August 2025
We’re making a change to the Kāinga Ora — Lenders’ Mortgage Insurance fee. We’ve updated the Personal Banking Fees & Limits as a result.
Kāinga Ora — Homes and Communities has increased the Lender’s Mortgage Insurance premium for First Home Loans from 0.50% to 1.20% of the loan amount. In turn, we've increased the Kāinga Ora — Lenders’ Mortgage Insurance fee for First Home Loans to 1.00% of the loan amount.
Download a copy of the updated Personal Banking Fees & Limits, effective from 4 August 2025.
Date effective: 4 August 2025
Date published: 21 July 2025
Previous public notices
For previous public notices, see our archived public notices.