The new fixed home loan rates are believed to be the lowest ever offered by a major bank in New Zealand. ![]() “These new rates will provide some relief and support for customers during a difficult and uncertain time,” said Ben Kelleher, Managing Director Retail and Business Banking for ANZ NZ. Term deposits have been reduced 0.25% across the board (except for 30 days). ![]() The new rates will take effect from 19 March. Its standard rates for the same terms would also drop. The bank cut its 1-year fixed rate special 40bps to 3.05% and its 2-year fixed rate special 30bps to 3.35%. ![]() ANZ Bank New Zealand (ANZ NZ) today announced cuts to its 1 and 2-year fixed home loan rates and term deposits.
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