ASB offers lowest fixed interest rates

by Kelly Gregor13 Feb 2018

ASB is offering the lowest fixed rate interest rates on 18 months and three year home loans.

BNZ, Westpac and ASB are all offering 4.39% fixed rates, but ASB is offering that rate for a fixed term of 18 months, whereas BNZ and Westpac are offering it for a fixed year of one year.

The Big Four and Kiwibank are all offering 4.65% fixed for two years.

ASB is offering 0.01% less than the rest on their three year fixed term rate.

Last week, the Reserve Bank as forecast announced it would keep the Official Cash Rate (OCR) at 1.75%.

Despite the average house in New Zealand being valued above $600,000 and house price expected to increase over the next 12 months, interest are expected to remain at record lows.


4.39% p.a. 1 year fixed

4.65% p.a. 2 year fixed

4.99% p.a. 3 year fixed


4.39% p.a. 1 year fixed

4.65% p.a. 2 year fixed

4.94% p.a. 3 year fixed


4.45% p.a. 1 year fixed

4.65% p.a. 2 year fixed

4.99% p.a. 3 year fixed


4.45% p.a. 1 year

4.65% p.a. 2 year

4.99% p.a. 3 year


4.39% p.a. 18 months

4.65% p.a. 2 year fixed

4.89% p.a. 3 year

All fixed rates are subject to specific lending criteria, terms and conditions.

Related stories:
BNZ offers new 4.39% interest rate 
ASB increased home loans by 5%


  • by Sunny Dunedin 13/02/2018 9:07:39 p.m.

    Very surprising to see an article focusing on headline interest rates whereas the Adviser network knows only too well that very different pricing applies below the line depending on the strength of the deal.

    Do ASB really offer the lowest interest rates? A very dangerous headline to run representing any one bank / lender I would have thought....

  • by HitMe 14/02/2018 4:11:37 p.m.

    This obviously relates to the advertised rates and hence is accurate.

    Banks are not tending to offer much in the way of shading off these rates at the moment (certainly not from where I am sitting in broking and finance)

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