Kiwibank cuts longer-term mortgage rates

Kiwibank is cutting its three, four and five-year mortgage rates effective on Monday February 16, 2015. The three-year rate drops 34 points to 5.55% p.a.; four years down 40 points to 5.99% and five years down 10 points to 5.79%.

There is a cash bonus of $2015 for new lending of more than $100,000 with a minimum 20% deposit.

The new three and five year rates being promoted by the bank are considered “specials” and will only be available for a short time.

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