ASB Cuts Fixed Home Loan Interest Rates
Tuesday, 1 November 2011, 10:12 am
Press Release: ASB Bank
ASB Cuts Fixed Home Loan Interest Rates
ASB is
reducing its fixed home loan interest rates by up to 0.40%.
The new rates are effective from tomorrow, Wednesday
2 November. They include a 0.40% reduction in the 3 year
rate to 6.30% per annum; a 0.35% reduction in the 4 year
rate to 6.70% per annum; and a 0.30% percent reduction to 18
month, 2 year and 5 year rates to 5.80%, 6.00% and 7.10% per
annum respectively.
"We are passing on the benefits
of movement in wholesale funding rates to our customers. Our
fixed home loan rate reductions mean ASB now offers the most
competitive 18 month, 3, 4 and 5 year fixed rates among the
major banks," said ASB Executive General Manager Strategy,
Payments and Product, Catherine McGrath.
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