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ASB Reduces Floating Home Lending Interest Rate
ASB Bank Reduces Floating Home Lending Interest Rate
Statement made by Hugh Burrett, Chief Operating Officer, ASB Bank Limited
In response to a change in
the official cash rate, ASB Bank today announces a decrease
in its floating home lending interest rate.
The floating rate will reduce to 8.25% per annum (from 8.5% per annum) effective immediately for new customers and on or after 9 April 2001 for existing customers. This reduction applies to customers with a floating rate home loan, and Orbit customers.
On a $100,000 home loan over a 20 year term this reduction equates to a saving of $15.85 per month.
- ENDS –
ASB Bank
Helping you get one step ahead.
In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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