Misc

BNZ, Kiwibank join others in hiking floating mortgage rates

Kiwibank and Bank of New Zealand today joined other banks in lifting their floating mortgage rates in the wake of the Reserve Bank's quarter percentage point hike in the Official Cash Rate on January 29.

Monday, February 09th 2004

Kiwibank raised its variable and revolving home loan interest rates for new customers from 6.75 per cent per annum to 6.95 per cent.

The interest rate for existing customers, which had been held at 6.55 per cent, will rise to 6.95 per cent on February 23.

BNZ announced it had increased its variable rate to 7.5 per cent from 7.25 per cent to match Westpac, ANZ and ASB.

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Heartland Bank - Online 6.69
SBS FirstHome Combo 6.74
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.45
China Construction Bank 6.75
TSB Special 6.75
ICBC 6.75
ANZ Special 6.79
ASB Bank 6.79
AIA - Go Home Loans 6.79
Kiwibank Special 6.79
BNZ - Classic 6.79
Unity 6.79
Westpac Special 6.39
China Construction Bank 6.40
ICBC 6.49
SBS Bank Special 6.55
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
ASB Bank 6.55
AIA - Go Home Loans 6.55
TSB Special 6.59
Kainga Ora 6.99
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

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