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Kiwibank one year special down to 3.85%

Rates continue to fall across the market in the wake of the OCR cut, with Kiwibank's one year special down to just 3.85%.

Monday, May 27th 2019

The rate is the second-lowest one year rate on offer in the market, behind HSBC's special rate.

Kiwibank has slashed the rate by 20 basis points from 4.05%. The deal is available to owner-occupiers that can provide 20% equity. Those looking to borrow more than 80% LVR can access a rate of 4.60%, down from 4.80%.

The bank's two year special remains unchanged, but its standard 2 year, for those looking to borrow more than 80%, has fallen to 4.74% from 4.94%.

Kiwibank's changes come into effect today.

Housing crisis needs building surge

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SBS FirstHome Combo	6.74
Heartland Bank - Online	6.89
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	6.55
SBS Bank Special	6.69
TSB Special	6.75
Westpac Special	6.75
China Construction Bank	6.75
ICBC	6.75
AIA - Go Home Loans	6.75
ASB Bank	6.75
Unity	6.79
Co-operative Bank - Owner Occ	6.79

SBS Bank Special	6.19
ASB Bank	6.39
Westpac Special	6.39
AIA - Go Home Loans	6.39
China Construction Bank	6.40
ICBC	6.49
Kiwibank Special	6.55
BNZ - Classic	6.55
Co-operative Bank - Owner Occ	6.55
TSB Special	6.59
SBS Bank	6.79

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