Lenders haven't rushed to follow TSB's 10-year fixed rate, but today ASB has pushed its five-year fixed rate down to a market leading 5.75%. This is a "special" rate which is also offered by Bank Direct and Sovereign. These lenders have also cut their two-year special rate by six basis points.
Westpac has made changes across its carded rates with a slight increase to its six-month rate and cuts of between 10 and 40 basis points to its longer term rates. It's two-year special is down 30 points to 5.49%.
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