SBS lowers floating rate

Thursday, February 18th 2010, 7:12AM

SBS dropped its floating rate by 40 basis points to 5.90% yesterday following the trend set by Kiwibank last week. This puts its floating rate in line with the median for minor bank lenders.  

SBS also dropped its one-year rate by six basis points to 6.29% which is still the highest one-year rate for minor bank lenders.

 

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