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INDEPENDENT NEWS

ANZ Leads Market With Home Loan Interest Cuts

By: ANZ Bank
Published: Tue 20 Mar 2001 10:37 AM
Monday 19 March
ANZ Leads Market With Further Home Loan Interest Cuts
ANZ today announced further decreases to its fixed rate home loans.
The latest decreases are more good news for the Bank's customers who benefited from both variable and fixed rate cuts last week.
The fixed home loan rates will decrease from Tuesday 20 March, as follows:
* One year fixed rate decreases from 6.99% per annum to 6.85% per
annum
* Two year fixed rate decreases from 7.15% per annum to 6.99% per
annum
* Three year fixed rate decreases from 7.20% per annum to 7.10% per
annum
* Four year fixed rate decreases from 7.40% per annum to 7.30% per
annum
* Five year fixed rate decreases from 7.50% per annum to 7.40% per annum
These changes place ANZ's home loan rates amongst the lowest available in the market.
ANZ Managing Director, Dr Murray Horn, says the reductions are a reflection of the Bank's commitment to passing on to its customers the savings made from the recent decline in wholesale interest rates.
ENDS
ANZ Bank
Get on top of your money
ANZ has been helping New Zealanders get on top of their money ever since we opened for business in 1840. We were New Zealand's first bank and today we have a large network of full-service branches and ATMs, and talented people across the country.
We're passionate about helping our customers make their money work harder and equipping them to make better financial decisions. Whether it's travelling the world, buying a home, building a business, investing for the future or protecting their family's future, we use our financial strength and expertise to help make it happen.
Through our sponsorships, our Staff Foundation and thousands of staff volunteer hours each year, we support causes that make a difference to New Zealanders.
Contact ANZ Bank
Website:
www.anz.co.nz
Phone:
0800 269 296

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