National Bank has now followed Westpac, Kiwibank, TSB Bank and Credit Union Baywide this week and increased its six-month fixed rate by 25 basis points to 5.70%. It also increased its two and three-year rates by 20 points and upped its four-year rate by 25 points.
Other rate changes today comprised Credit Union North increasing its one, two and three-year rates. Its rate changes are: one-year up 20 bps to 5.95%, two-years up 50 bps to 7.00% and its three-year rate went up by 45 bps to 7.85% and Nelson Building Society has increased its one-year rate by 10 bps to 6.15% and its two-year rate by 15 bps to 7.10%.
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