Kiwibank makes immediate cuts to floating rates

Kiwibank has made cuts to all fixed rates following the 0.25% cut announced yesterday to variable rates.

The new rates are:

• Variable: 5.90% (down 0.25%)
• Offset mortgage: 5.90% (down 0.25%)
• Revolving: 5.90% (down 0.25%)
• 6 month fixed: 5.19% (down 0.10%)
• 1 year fixed: 4.49%* (down0.30%)
• 2 year fixed: 4.59%* (down 0.06%)
• 3 year fixed: 4.85%* (down 0.14%)
• 4 year fixed: 5.25% (down 0.14%)
• 5 year fixed: 5.35% (down 0.15%)

* Min 20% equity. The standard 1 year rate is 4.85% p.a., the standard 2 year rate is 5.10% p.a., and the standard 3 year rate is 5.25% p.a. (Specials also available for Welcome Home Loan customers).

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