TSB has today changed its one year rates increasing the standard rate from 5.50% to 5.75%. However it is offering a special rate of 5.20%. it says this special applies to new owner occupied residential purchases or the refinancing of residential home loans from other banks. The maximum LVR is 65% of valuation. The minimum loan amount is $150,000. It is a bank only offer, that is it is not available through brokers.
Despite increasing its carded rate TSB is still very competitive. We have sorted the rates table on one year fixed rates, lowest to highest here. See how the bank compares with other lenders.
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