Non-major leads market with new special rate

TSB Bank is now leading the market rates, having dropped its two-year fixed special home loan rate 4.29% p.a. today. 

The bank introduced the lowest rate currently on the market after SBS Bank and BNZ dropped their three-year special rates earlier this week.

SBS Bank's two year fixed special is at 4.35% and Westpac and BNZ are at 4.39%.

TSB is also offering an Air New Zealand Mystery Break for two for home loans taken out before 29 February 2016, according to their website. 

The bank's 3 year fixed special currently stands at 4.79 % p.a. 

Lowest fixed two-year rates:
TSB Bank: 4.29 per cent
SBS Bank: 4.35 per cent
Westpac: 4.39 per cent
BNZ: 4.39 per cent