About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, July 23rd, 11:15AM
rss
Latest Headlines

Sub-4% rates over for SBS, TSB

Two smaller banks have followed the big four in ending their sub-4% special rates, as mortgage rates creep up to more normal levels. 

Monday, December 17th 2018, 1:53PM

SBS, led by Shaun Drylie (pictured), has moved its two year special rate to 4.29% up from 3.95% as of this morning. While TSB moved its 3.95% one year rate up to 4.05%.

The two challenger banks join the likes of ANZ, BNZ, ASB and Westpac who have shifted their special rates past the 4% level in recent weeks. The moves come after a short-lived public price war, with rates dipping to once in a generation levels.

A host of top mortgage advisers, such as Loan Market's Bruce Patten, do not believe we will see sub 4-% rates again soon. While research firm CoreLogic believes the price war marked a land-grab for prime customers.

HSBC Premier and TSB have the market's lowest two year rates at 4.29%. 

Tags: SBS TSB

« BNZ pledges $3.8 million after errorRoyal Commission report due on Monday »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • (The Wrap] The anatomy of the AMP shambles
    “It is terrible and for years watching AMP management felt they knew better than the rest of the industry. They are myopic...”
    4 hours ago by Backstage
  • (The Wrap] The anatomy of the AMP shambles
    “Ralph and the AXA crew knew something about customers and advisers - shareholders must wish they had been kept on. Shareholders...”
    5 hours ago by fiona c
  • AMP loses fight over KiwiSaver ad
    “Well done all three of you. A great outcome for common sense - there hasn't been a lot of evidence in recent times that there...”
    20 hours ago by Robert Oddy
  • (The Wrap] The anatomy of the AMP shambles
    “Agree with Doggy, I liken the running of AMP to that of an elephant trying to turn. The saying what goes around comes around...”
    20 hours ago by Tony Palamidas
  • (The Wrap] The anatomy of the AMP shambles
    “A great insight Phil - which many industry folks have been following for a while. To add to this: . I suspect that the...”
    21 hours ago by Pragmatic
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
ANZ 5.69 4.35 4.35 4.55
ANZ Special - 3.85 3.85 4.05
ASB Bank 5.70 4.29 4.35 4.55
ASB Bank Special - 3.89 3.85 4.05
BNZ - Classic - 3.85 ▼3.79 4.05
BNZ - Mortgage One 6.40 - - -
BNZ - Rapid Repay 5.85 - - -
BNZ - Std, FlyBuys 5.80 4.69 4.59 4.79
BNZ - TotalMoney 5.80 - - -
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.60 4.75 -
Housing NZ Corp 5.80 4.69 4.49 4.45
HSBC Premier 5.89 3.79 3.79 3.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.60 4.60 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.65 - - -
Kiwibank Special - 3.85 3.85 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 ▼4.69 ▼4.79 -
Resimac 5.30 4.86 4.14 4.19
RESIMAC Special - - - -
SBS Bank 5.79 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 3.85 3.85 3.99
Sovereign 5.80 4.29 4.35 4.55
Sovereign Special - 3.89 3.85 4.05
The Co-operative Bank - Owner Occ 5.65 3.89 3.89 4.05
The Co-operative Bank - Standard 5.65 4.39 4.39 4.55
TSB Bank 5.69 4.45 4.35 4.55
TSB Special - 3.95 3.85 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.79 4.69 4.79 5.19
Westpac - Offset 5.79 - - -
Westpac Special - 3.85 3.85 4.05
Median 5.80 4.35 4.35 4.19

Last updated: 22 July 2019 9:19am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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