Tough servicing tests remain; Westpac and TSB slash rates
Friday, May 29th 2020, 9:08AM
Advisers have called on banks to lower servicing test rates as home loans plummet to record lows: [READ ON]
More rate cuts this morning. Westpac cuts two to five year special rates, reducing its three and six year loans by 60 basis points.
TSB has cut its two year special by 20 basis points to 2.79%. Westpac and TSB's new rates are effective this morning. See all the latest market rates here.
| « Reserve Bank believes rates will fall; BNZ cuts; Simplicity 2.5% rate | Lending policies changing rapidly; TSB price match » |
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