by Susan Edmunds
Spokesman Bruce Thompson said the six-month rate had only been intended as a three-week special, to attract new business. “It worked well.”
Kiwibank chief executive Paul Brock said the interest rate market was very competitive.
The 4.99% one-year rate has no special conditions. Brock said it would give customers some certainty as they waited to see what would happen to rates over a longer term.
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