SBS Bank has announced changes to its special rates.
Effective today, its 18 month special rate and 2 year special sits at 4.15% p.a., for residential and residential investing lending with a minimum of 20% equity or 30% equity for Auckland residential Investing.
Its standard rate for the same terms is 4.89% p.a.
The Co-Operative Bank has also changed its 18-month rate, bringing it to 4.19%.
These changes follow from Monday's rate drops by BNZ
. BNZ's now has a two year special rate of 4.19% and also a special rate for its three year fixed at 4.49%.
Westpac’s two year rate sits at 4.19% and Kiwibank last week announced a 3.99% two year rate making it a market-leading low.