No joke - Kiwibank slashes five-year rate
Kiwibank is slashing its five-year home loan rate in response to market conditions as a result of the Reserve Bank’s
change in outlook today (Wednesday 27 March).
Kiwibank chief marketing officer Mark Wilkshire said: “This is no April Fools’ joke. Kiwibank’s five-year rate will be
cut by 80 bps to 4.29% p.a. from Monday 1 April.
“Market conditions have allowed for a price change and we are being quick to pass on this benefit to New Zealanders.
This change enables us to offer lower rates for the longer-term. We’re all about Kiwis making Kiwis better off and this
will certainly enable more Kiwis to fulfil their home ownership goals.”
ENDS