Under COVID Level 2, all Auckland branches will be open normal business hours from Monday 8 March. See our latest branch updates for more information. We encourage you to continue to bank through Internet Banking and the mobile app. All other branches around the country will be open as usual.
Kiwibank will pass on the full 0.75% official cash rate cut to customers with floating home loan rates.
Kiwibank will reduce its floating home loan rate from 5.15% to 4.40%. Changes for new customers are effective Friday 20 March, and for existing customers Friday 3 April.
|
Product |
Current rate p.a. |
New rate p.a. |
Change |
|---|---|---|---|
|
Variable rate |
5.15% |
4.40% |
-0.75% |
|
Revolving rate |
5.20% |
4.45% |
-0.75% |
|
Offset rate |
5.15% |
4.40% |
-0.75% |
Kiwibank Chief Executive Steve Jurkovich says: “At Kiwibank, our commitment is to support our customers and the wider New Zealand economy as the Coronavirus (COVID-19) situation evolves. Like the government and businesses across New Zealand, we’re doing what we can to respond.”
The disruption to travel and trade caused by coronavirus has affected a range of New Zealand businesses. Kiwibank is bolstering resources to support customers financially affected by the global outbreak.
The relief package features a range of support options for both business and personal customers. These may include:
Any business or personal customer concerned about their situation should get in touch with us to discuss their needs.
Media enquires contact: Kara Tait, Kiwibank External Communications Manager - 027 475 3521