ASB Kicks Off The New Year With Market-leading Mortgage Rates

Friday, 17 January 2025, 8:26 am
Press Release: ASB Bank

ASB has today announced changes to some of its most popular fixed home lending rates, including the 6-month and 1-year terms. ASB’s 1-year term drops 20 basis points from 5.79% to a market- leading rate of 5.59%, while its 18-month term also drops 20 basis points to 5.39%.

ASB’s General Manager Product Emma-Jayne Liddy says “We want to help customers looking to refix, or Kiwi looking to buy, get off to a strong start in 2025. Today’s rate changes reflect the recent fall in short-term wholesale rates. With more than two-thirds of our mortgage customers opting for a term of 18-months or less, we expect these changes to be popular.”

ASB has also reduced some of its term deposit rates by between 5 and 25 basis points.

All rate adjustments are effective immediately for new and current customers.

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