Kiwibank makes immediate cut to floating rates

Kiwibank has made an immediate cut to variable and revolving mortgage interest rates following today’s announcement by the Reserve Bank.

The rate cuts match the full reduction of 0.25% bringing the floating rates down from 6.40% to 6.15%.

The reduction is immediate for new customers and will take effect in two weeks for existing customers.

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