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Kiwibank raises floating loan rates and deposit rates
18 June 2014
MEDIA RELEASE
Kiwibank raises floating loan
rates and deposit rates
Kiwibank has raised its variable and revolving home loan interest rates from 6.15% p.a. to 6.40% p.a.. The increase is effective today for new customers and will be effective 2nd of July for existing customers.
The bank is also raising the rates for Notice Saver and some Term Deposit products at the same time.
The 32-day Notice Saver will increase to 3.80% p.a. and the 90-day Notice Saver will increase to 4.35% p.a. effective 2nd of July.
The 30-day and 60-day Term Deposits
will increase by 25 points to 3.25% p.a.
The 90-day Term
Deposits will increase by 25 points to 3.50% p.a.
The
200-day Term Deposits will increase to 4.40% and the 1-year
Term Deposits will increase to 4.50% p.a. The Term Deposit
increases will be effective Monday, 23rd
June.
ENDS
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