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ASB Adjusts Mortgage Rates
ASB has today announced adjustments to its mortgage rates, following the bank’s reductions across fixed and floating mortgage rates last week. ASB’s latest changes include a 36-basis point reduction to its 6-month term, down to a market-leading rate of 6.39%.
ASB’s Executive General Manager Personal Banking Adam Boyd says “We know there’s strong appetite for shorter-term mortgages at the moment. Our drops to 6-month, one year and 18-month terms in response to movement in wholesale rates should appeal to our customers refixing, as well as those looking to buy a property.”
ASB has also reduced some of its shorter-term term deposit rates by between 10 and 35 basis points, and increased its 4-and-5 year term deposits by 10 basis points each.
All rate adjustments are effective immediately for new and current customers.
| Fixed home lending term | Previous rate | New rate | Rate decrease | ||||
| 6-month | 6.75% | 6.39% | -0.36% | ||||
| 1-year | 6.19% | 5.99% | -0.20% | ||||
| 18-month | 5.89% | 5.79% | -0.10% | ||||
| 4-year | 5.69% | 5.79% | +0.10% | ||||
| 5-year | 5.69% | 5.79% | +0.10% |
ASB Bank
Helping you get one step ahead.
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.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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