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flag Westpac bank in New Zealand cuts home loan and term deposit rates to help homeowners save.

flag New Zealand's Westpac bank has reduced its 2-year home loan special rate to 4.99%, down 0.3% from its previous rate. flag Term deposit rates for 90-day to 3-year terms have also been cut by 0.10% to 0.30% per annum. flag Despite these reductions, Westpac's 8-month term deposit rate remains the highest at 4.40% among the largest New Zealand banks. flag The bank aims to help homeowners save costs in a competitive market.

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