Kiwibank has cut its six month, one and two year rates to 4.99%. The bank requires 30% equity or more in the property to qualify for these rates.
The inevitable has happened. National Bank is going to become the ANZ. We have a story here with ANZ boss David Hisco saying there will be no difference for home loan customers once the transition is completed. But I wonder how many National Bank customers will say they don't want to be ANZ customers and will move? And how will the other banks react? TSB had a TV ad last night already. Who will follow?
Let us know your thoughts in the comment section of the article.
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