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ANZ Decreases Variable Home Loan Interest Rate

Published: Thu 19 Apr 2001 03:11 PM
Thursday 19 April
ANZ Decreases Variable Home Loan Interest Rate
ANZ today announced a decrease in variable home lending rates following the Reserve Bank's decision to reduce the OCR today.
The standard variable home loan interest rate will decrease from 8.25% per annum to 7.95% per annum for new applications received from Thursday, 19 April 2001 and for existing customers from Monday, 14 May 2001.
In addition to this change, ANZ's Easy Start introductory 12-month variable rate will decrease from 7.25% per annum to 6.95% per annum and the ANZ Money Saver variable rate will also decrease from 7.85% per annum to 7.55% per annum. These changes are also effective for new applications received from Thursday, 19 April 2001 and for existing customers from Monday, 14 May 2001.
The ANZ FlexiPlus home loan interest rate will decrease from 8.25% per annum to 7.95% per annum for both new and existing customers from Monday, 14 May 2001.
ENDS
ANZ Bank
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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.
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