BNZ had introduced a three-year Special of 4.39% which just pips the new rate Westpac has introduced for this term. Westpac also has a new Special rate for its five year terms. Neither of Westpac's new Specials are market-leading rates, however they are not far off the lowest available.
BNZ meanwhile joins the leaders with the lowest three-year rate (albeit has conditions).
See the full rates table sorted on highest to lowest three-year rate here
Going the other way Westpac has hiked its standard and Special two-year rates by 10 basis points.
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Special Offers
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