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ASB Lowers Fixed Mortgage Rates
ASB has today announced adjustments to its fixed mortgage rates, following the bank’s reductions across floating mortgage rates last week. ASB’s latest changes include a 20-basis point reduction to its 1-year term, down to a joint market-leading rate of 5.79%.
ASB has also reduced some of its term deposit rates by between 10 and 20 basis points.
All rate adjustments are effective immediately for new and current customers.
| Fixed home lending term | Previous rate | New rate | Rate decrease |
| 6-month | 6.39% | 6.19% | -0.20% |
| 1-year | 5.99% | 5.79% | -0.20% |
| 18-month | 5.79% | 5.59% | -0.20% |
| 2-year | 5.69% | 5.49% | -0.20% |
| 3-year | 5.69% | 5.59% | -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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