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Mortgages

Mortgage Rates Daily Commentary
Friday 11 June 2021  Add your comment
TSB cuts short term rates, raises 2 year: Reardon switches at Loan Market; Government reform latest

TSB has slashed its one year special to 2.19%, level with SBS, Kiwibank, HSBC and ANZ as one of the cheapest rates in the market. However, the bank's 2 year rate edges up. See the latest market rates here.

A market move, as Karina Reardon makes the switch to Loan Market Central: [READ ON]

Meanwhile, the Government has opened a consultation on how new-builds should be treated under its housing market reforms. Find out more here.

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SBS chief exec dies

Thursday, January 7th 2016, 9:33AM

Wayne Evans, Group CEO of SBS Bank, died suddenly yesterday afternoon, of natural causes.

“Wayne was a vibrant and respected leader of our organisation," the bank says in a statement. "His passion and strategic leadership will be acutely missed. Our heartfelt condolences go to Wayne’s family.”

Out of respect for Wayne’s family, we will not be making any further comment at this stage.

Evans, 49, was appointed chief executive of the Invercargill-based bank in July 2014, replacing long serving CEO Ross Smith. Prior to that he ran the bank's personal lending subsidiary Finance Now.

Just over a month ago the bank rolled out a rebranding campaign, which has been spear-headed with a 3.99% one-year fixed rate.

Smith was a swimming enthusiast and father of four.

In February 2013, he became the seventh person to swim the Foveaux Strait and had planned to swim Cook Strait this year. He also held records for swimming across Lake Te Anau and Lake Wakatipu.

Tags: SBS

« Mortgage lending growsSBS interim boss named »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.25 2.59 2.89
ANZ 4.44 ▼2.79 3.19 ▲3.59
ANZ Special - ▼2.19 2.59 ▲2.99
ASB Back My Build 1.79 - - -
ASB Bank 4.45 2.25 2.59 2.89
Basecorp Finance 5.49 - - -
Bluestone 3.49 3.34 2.99 3.34
BNZ - Classic - 2.25 2.55 ▲2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 2.85 3.15 ▲3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland ▲5.95 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland Bank - Online 1.95 1.85 2.35 2.45
Heretaunga Building Society 4.99 ▲3.80 ▲3.90 -
HSBC Premier 4.49 ▼2.19 ▲2.45 ▲2.69
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - 2.25 - -
ICBC 3.69 2.25 2.35 2.65
Kainga Ora 4.43 2.67 2.97 3.13
Kainga Ora - First Home Buyer Special - 2.25 - -
Kiwibank 3.40 3.04 3.40 3.84
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.19 2.55 2.99
Liberty 5.69 - - -
Nelson Building Society 4.95 3.20 3.24 -
Pepper Essential 4.79 - - -
Lender Flt 1yr 2yr 3yr
Resimac 3.39 ▼2.98 ▼2.79 ▼3.29
SBS Bank 4.54 2.69 2.99 3.29
SBS Bank Special - 2.19 2.49 2.79
Select Home Loans 3.49 3.34 2.99 3.34
The Co-operative Bank - First Home Special - 2.09 - -
The Co-operative Bank - Owner Occ 4.40 2.25 2.59 ▲2.94
The Co-operative Bank - Standard 4.40 2.75 3.09 ▲3.44
TSB Bank 5.34 ▼2.99 ▲3.35 3.59
TSB Special 4.54 ▼2.19 ▲2.55 2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 2.85 3.19 ▲3.59
Lender Flt 1yr 2yr 3yr
Westpac - Offset 4.59 - - -
Westpac Special - 2.25 2.59 ▲2.99
Median 4.55 2.68 2.99 2.99

Last updated: 10 June 2021 8:55am

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