Kiwibank adjusts fixed rates to match ANZ's cuts, offering a market-leading 6.29% one-year fixed rate.
Kiwibank has lowered its fixed home loan and deposit rates to align with recent cuts by ANZ, New Zealand's largest bank. The one-year fixed rate is now a market-leading 6.29%, while other rates have decreased by 4 to 20 basis points. This move reflects falling wholesale interest rates amid expectations of further cuts by the Reserve Bank of New Zealand due to slowing inflation. The adjustments aim to attract borrowers seeking favorable loan terms.
September 16, 2024
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