Kiwibank has joined the other major banks in hiking up fixed home loan rates.<\/p>\n
Over the past few weeks, ASB<\/a>, ANZ<\/a>, BNZ<\/a> and Westpac<\/a> all announced increases to home loan and term deposit rates.<\/p>\n Most of the major banks cited changes to wholesale costs driven by the Middle East conflict, saying “global uncertainty pushes up those funding costs”. <\/p>\n Effective from today, Kiwibank made changes to its 6-month, one-year, two-year, and three-year special rates for those with a minimum 20% deposit. <\/p>\n The 6-month fixed special rate jumped 10 basis points from 4.65% to 4.75%. <\/p>\n The two-and-three year fixed special rates went up 20 basis points each, to 4.95% and 5.39% respectively. <\/p>\n The three-year fixed special rate also increased 10 basis points from 5.39% to 5.49%. <\/p>\n Four- and five-year rates were unchanged, as were variable\/ offset and revolving terms. <\/p>\n Kiwibank also increased its fixed standard rates for the same term lengths.<\/p>\n Term deposit rates for the 6-month, 9-month and 2-year terms were raised by between 0.05 and 0.15%. <\/p>\n The morning’s headlines in 90 seconds, including St John braces for another hectic day, and a Brazilian footballers goal celebration goes bad. (Source: 1News)<\/p>\n","protected":false},"excerpt":{"rendered":"Kiwibank has joined the other major banks in hiking up fixed home loan rates. Over the past few…\n","protected":false},"author":2,"featured_media":564410,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[138,219,111,139,69,814],"class_list":["post-564409","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-property"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/564409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=564409"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/564409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/564410"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=564409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=564409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=564409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}