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ASB Cuts Fixed Home Loan Interest Rates
ASB Cuts Fixed Home Loan Interest Rates
ASB is reducing some of its fixed home loan interest rates by up to 45 basis points.
The new rates are effective from tomorrow, Tuesday 15 May. They include a 45 bps reduction in the 12 month rate to 5.25% per annum; a 30 bps reduction in the 2 year rate to 5.55% per annum; and a 35 bps percent reduction to the 3 year rate to 5.75%.
“Changes in market conditions have meant that the cost to ASB of funding some of our fixed home loans has reduced, so we are directly passing on these savings to our customers,” said ASB General Manager Products, Retail and Business Banking Strategy, Shaun Drylie.
ENDS
ASB Bank
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In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
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