Westpac NZ reduces fixed home loan rates by 10-20 bps across terms 1-5 years and adjusts term deposit rates, aiming to support customers during wholesale rate changes.
Westpac NZ has announced changes to its interest rates, with fixed housing rates across a range of terms from one year to five years being lowered. This move comes as the bank looks to provide more value to customers while also responding to changes in wholesale rates. The decreases on fixed home loan rates of between 10 and 20 basis points mean that Westpac NZ now offers some of the lowest home loan rates in the market. Additionally, Westpac NZ has announced decreases to a range of term deposit rates.
February 08, 2024
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