ANZ increases its floating rates

ANZ has increased its floating rates. It says it has been competitive in floating rates, lowering them 2.95% since the OCR began to fall in August 2024. This, it says, is more than any of the other main banks.

"Ahead of the November OCR cut, our floating rate was already below most of the main banks, our new rate remains competitively positioned among the main banks in the market today. We’ll continue to review rates as global and local conditions evolve," it says in a statement.

To see how it stacks up against other lenders check our table here.

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