MEDIA RELEASE
28th August 2000
ANOTHER DROP IN INTEREST RATES BY BANKDIRECT
BankDirect announces a drop to all its fixed home loan interest rates. These new rates will come into effect from
tomorrow, 29 August 2000.
Rate New Rate Previously
6 month fixed 7.90% pa. 7.95%pa.
1 year fixed 8.10% pa. 8.15%pa.
2 year fixed 8.20% pa. 8.25%pa.
3 year fixed 8.25% pa. 8.30%pa.
5 year fixed 8.30% pa. 8.40%pa.
"This is great news for the home buyer and for those wanting to re-finance," says BankDirect General Manager, James
Mitchell.
"Being a lower cost service provider, BankDirect consistently offers lower lending rates in the highly competitive home
lending market. We are focussed on passing interest savings to our customers."
Ends
Prepared on behalf of BankDirect by Drum For further information please contact: James Mitchell Sarah Sparks BankDirect
General Manager Drum http://www.bankdirect.com Email: sarahs@drum.co.nz Email: james_mitchell@bankdirect.co.nz