As noted yesterday the home loan rate increases are moving from the variable and revolving credit are into fixed rates. ANZ has made increases across most of its card now with the biggest fixed rate increases being 20 basis point jumps to its two, three, four and five year rates respectively.
The most competitive space is looking to be the two and three year fixed rates. BNZ actually lowered its three-year fixed rate, while HSBC introduced a two-year special of 5.79%, making it the best on offer from banks. As usual it comes with qualifying criteria.
Read our full report here which includes a graph showing how key lenders compare
| « Rate rises moving to fixed rates | Westpac joins the party » |
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