tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, August 5th, 1:12AM

News

rss
Latest Headlines

Kiwibank next to move rates

Tuesday, January 10th 2017, 8:24AM 2 Comments

Kiwibank has followed ASB and raised all its fixed term home loan rates, however they are still well below what ASB has reset at.

Tags: Mortgage Rates

« ASB moves all fixed rates higher..and today it is BNZ's turn to increase rates »

Special Offers

Comments from our readers

On 10 January 2017 at 8:43 am DT said:
So it is necessary to raise rates because???
Please choose from the following options:
1.All our executives would like to buy a second yacht so we need to raise their already exhorbitant salaries so they can go ahead with their plans
2.We will soon release a totally confusing , muddled statement referring to world markets, increased borrowing costs, and deposits to loans ratios to persuade the basically stupid public that this move was absolutely necessary for the banks survival.
3. We don't have to justify our decisions to create more profits- you need us, we don't need you.
On 12 January 2017 at 3:22 pm Kindling said:
Hi DT!

Option 4? Because banks are businesses that only exist to make money for their shareholders (and executives), and are under no obligation, nor feel any particular need, to keep interest rates down for the sake of their customers. It's not that it's "necessary" to raise rates, they raise them simply because they can, in the expectation that they will skim more money from their customers.

Don't Landlords operate on similar principles, raising rents according to what is happening in the market? Why keep your rents significantly lower than the rest of the market?

Fortunately, of course, they (banks) do need us. Without their customers, they have no income, so they are constantly in a juggling act between losing customers and losing potential income... I think ANZ has been quite clever there. They have acquired lots of customers by being competitive, but now that it's harder to switch banks, (thanks to LVR Rules), let's see what happens!

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 ▼2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 ▼3.15 3.29 ▼3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 5.50 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 2.55 2.65 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac ▼3.39 3.45 ▼2.99 ▼3.35
SBS Bank 4.54 3.09 3.19 3.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.59 2.69 2.99
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 2.99
The Co-operative Bank - Standard 4.40 3.05 3.19 3.49
TSB Bank 5.34 3.35 3.49 3.79
TSB Special 4.54 2.55 2.69 2.99
Wairarapa Building Society 4.99 3.65 3.69 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.12 3.19 3.17

Last updated: 4 August 2020 11:33am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com