A non-major bank has dropped its one-year fixed rate special to a market leading low.
SBS Bank has decreased its one-year fixed rate special to 4.10%, the lowest on the market for one-year rates currently and effective today.
Its one year standard rate sits on 4.85% and its two-year special and standard rates at 4.29% and 4.99%, respectively.
SBS Bank’s special rate conditions include being only available for residential and residential investing lending with a minimum of 20% equity or 30% equity for Auckland Residential Investing.
The primary source of income must be paid into a SBS Bank transactional account and new members need new lending of at least $100,000 and at least one SBS insurance product.
Its one year standard rate sits on 4.85% and its two-year special and standard rates at 4.29% and 4.99%, respectively.
SBS Bank’s special rate conditions include being only available for residential and residential investing lending with a minimum of 20% equity or 30% equity for Auckland Residential Investing.
The primary source of income must be paid into a SBS Bank transactional account and new members need new lending of at least $100,000 and at least one SBS insurance product.
