ASB Further Drops Rates
Tuesday, 6 August 2024, 8:23 am
Press Release: ASB
An update on ASB’s rates position
below:
ASB further drops rates ahead of next
week’s OCR
ASB has today lowered rates on
several of its fixed home lending terms, including a
market-leading rate of 6.25% for its 2-year
term.
ASB’s 18-month rate drops by 20 basis points
from 6.69% to 6.49%, while its 2-year rate drops 24 basis
points from 6.49% to 6.25%. Longer-term rates are now all
below 6%, with the 3-and-4-year terms dropping 36 and 30
basis points respectively, now at 5.99%.
ASB has also
lowered its term deposits between 9 months and 60 months by
up to 30 basis
points.
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