With a move not seen for some time by many lenders, TSB Bank has lowered its two-year fixed home loan rate by 20 basis points to 5.99% which is now the lowest two-year rate offered in our table by 10 points or more.
The Taranaki-based trust-owned bank has said that they are unaffected by the comings and goings on worldwide financial markets, and are determined to pass the benefits of this on to New Zealanders. TSB's managing director, Kevin Rimmington, said the two-year fixed rate was effectively the bank's benchmark mortgage lending product.
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