WestpacTrust is the New Zealand division of Westpac Banking Corporation, which is incorporated in New South Wales,
Australia
30 June 2000
WESTPACTRUST LOWERS INTEREST RATES ON FIXED RATE LOANS
For the second time this month WestpacTrust is dropping its interest rates for most fixed and capped rate home loans.
Fixed rates from one to five years will drop 0.10% per annum. One, two and three year capped rates will also drop 0.10%
per annum. A special 18 month fixed rate of 8.40% per annum is also being offered. The new rates take effect
immediately.
WestpacTrust Public Relations Manager Jane Anderson said: “There is a growing market expectation that short term
interest rates are near their peak and this has caused longer term wholesale interest rates to fall. WestpacTrust
believes it is important that we pass these decreases on to our customers as soon as possible.”
ENDS
1 of 2
WestpacTrust is the New Zealand division of Westpac Banking Corporation, which is incorporated in New South Wales,
Australia
WESTPACTRUST FIXED RATES (per annum)
1 year 18 month 2 years 3 years 4 years 5 years
New rate 8.40% 8.40% 8.60% 8.65% 8.70% 8.75%
Change -0.10% -0.10% -0.10% -0.10% -0.10% -0.10%
WESTPACTRUST CAPPED RATES (per annum)
1 year 2 years 3 years
New rate 8.90% 9.15% 9.40%
Change -0.10% -0.10% -0.10%