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Mortgages

Mortgage Rates Daily Commentary
Wednesday 14 January 2026  Add your comment
ANZ increases its floating rates

ANZ has increased its floating rates. It says it has been competitive in floating rates, lowering them 2.95% since the OCR began to fall in August 2024. This, it says, is more than any of the other main banks.

"Ahead of the November OCR cut, our floating rate was already below most of the main banks, our new rate remains competitively positioned among the main banks in the market today. We’ll continue to review rates as global and local conditions evolve," it says in a statement.

To see how it stacks up against other lenders check our table here.

In news: Stimulatory mortgage rates positive for economic recovery but risks remain.

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SBS interim boss named

SBS have announced its interim chief executive.

Friday, January 15th 2016, 9:02AM

Mark McLean

SBS have announced its interim chief executive. 

Chief risk of innovation officer, Mark McLean will step into the role following the death of Wayne Evans. 

“Mark is a capable individual who currently holds an Executive position with us. In addition to his five years in executive management with SBS Bank, he has previously held financial services leadership roles in the United Kingdom, Singapore, the Netherlands and New Zealand," SBS chairman John Ward said. 

“Over the past 18 months the SBS Board and Executive team have been working hard on achieving their long-term strategy, which endorses the vision of SBS becoming New Zealand’s Member Bank. This strategy, which centres on bringing the theme of mutuality to life, is now firmly in execution

mode."

Mr Evans died last week of natural causes. The 49-year-old was appointed chief executive of the Invercargill-based bank in July 2014, replacing long serving chief 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.

Tags: SBS

« SBS chief exec diesOCR cuts to come – but not now »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 3.34 - - -
AIA - Go Home Loans 5.89 4.49 4.75 5.09
ANZ ▲5.79 5.09 5.29 5.69
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 4.49 4.69 5.09
ASB Bank 5.79 4.49 4.75 5.09
ASB Better Homes Top Up - - - 1.00
Avanti Finance - Near Prime 6.35 - - -
Avanti Finance - Specialised 7.55 - - -
Basecorp Finance 6.35 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 5.99 5.69 5.69
BNZ - Mortgage One 5.94 - - -
BNZ - Rapid Repay 5.94 - - -
BNZ - Std 5.84 4.49 4.69 5.09
BNZ - TotalMoney 5.94 - - -
CFML 321 Loans 3.95 - - -
CFML Home Loans 6.05 - - -
CFML Prime Loans 6.25 - - -
CFML Standard Loans 6.95 - - -
China Construction Bank 6.44 4.85 4.95 4.95
China Construction Bank Special 6.44 5.85 5.95 5.95
Lender Flt 1yr 2yr 3yr
Co-operative Bank - First Home Special - 4.35 - -
Co-operative Bank - Owner Occ 4.99 4.45 4.79 5.09
Co-operative Bank - Standard 4.99 4.95 5.29 5.59
Credit Union Auckland 7.70 - - -
First Credit Union Special - 4.79 4.95 -
First Credit Union Standard 6.49 5.39 5.55 -
Heartland Bank - Online 5.30 5.89 - -
Heartland Bank - Reverse Mortgage 7.99 - - -
Heretaunga Building Society 7.45 5.90 5.80 -
ICBC 5.39 4.25 4.59 4.79
Kainga Ora 5.69 4.49 4.49 4.79
Lender Flt 1yr 2yr 3yr
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 5.65 5.39 5.39 5.65
Kiwibank - Offset 5.65 - - -
Kiwibank Special 6.15 4.49 4.49 4.85
Liberty 6.65 6.55 6.22 6.20
Nelson Building Society 6.49 4.59 4.59 -
Pepper Money Near Prime 6.55 - - -
Pepper Money Prime 5.99 - - -
Pepper Money Specialist 8.00 - - -
SBS Bank 5.84 5.09 ▲5.29 ▲5.69
SBS Bank Special - 4.49 ▲4.69 ▲5.09
Lender Flt 1yr 2yr 3yr
SBS Construction lending for FHB 3.74 - - -
SBS FirstHome Combo 3.29 ▼3.99 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 7.99 - - -
TSB Bank 6.59 5.19 5.29 5.59
TSB Special 5.79 4.49 4.00 4.79
Unity First Home Buyer special - 3.99 - -
Unity Special 5.79 4.49 4.65 -
Unity Standard 5.79 5.29 5.45 -
Wairarapa Building Society 6.15 4.59 4.79 -
Westpac 5.89 5.09 5.35 5.65
Lender Flt 1yr 2yr 3yr
Westpac Choices Everyday 5.99 - - -
Westpac Offset 5.89 - - -
Westpac Special - 4.49 4.75 5.05
Median 5.94 4.59 4.87 5.09

Last updated: 13 January 2026 4:42pm

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