Kiwibank cut floating

Monday, February 8th 2010, 9:10AM

Kiwibank has this morning cut 14 basis points from its floating rate, which is now 5.65% the second lowest floating rate offered by any lender.

BNZ's TotalMoney product is offering the lowest floating rate of 5.59%.

The other change Kiwibank made today was to its 18-month fixed rate, which was increased by 10 basis points.

Also AMP introduced new 18-month rates with the Standard rate being 6.69%, AMP Priority 6.59% and AMP Low Doc 6.89%.

In news BNZ economist Tony Alexander looks at the Quarterly Labour Force survey analysing how it will impact the official cash rate.


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