National and ANZ raise six-month rates
Tuesday, October 27th 2009, 7:12AM
The last changes to come through late last week were by ANZ, National Bank and Southern Cross. They too have now raised their six-month fixed rates like we saw Westpac, Kiwibank, TSB Bank and Credit Union Baywide do last week.
National Bank 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.
ANZ raised its six-month rate by 30 basis points to 5.75% as well as its 18-month, three and four-year rates by 20, 29 and 20 points respectively.
The biggest jump in rates has been by Southern Cross with its 66 basis point raise to its three-year rate from 6.99% to 7.65%. Its also increased its six-month rate by 25 bps to 5.45% and its one and two-year rates rose by 10 and 30 points respectively.
Click here to review the results of www.goodreturns.co.nz latest survey of what the economists are expecting from the Reserve Bank at Thursday's official cash rate announcement.
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