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ASB Lowers Popular Mortgage Rates For The Second Time In Two Weeks
ASB has today announced decreases to some of its most popular fixed home lending rates for the second time in a fortnight, with market-leading rates on 1-year, 18-month and 2-year terms. ASB’s 2-year term falls 20 basis points to 5.29%, with its 1-year and 18-month terms at 5.54% and 5.34% respectively from today.
ASB’s Tribe Lead, Lend & Protect David Jackson says, “We’ve reduced our fixed mortgage rates 11 times since July last year, and we’re committed to doing everything we can to support our homeowners and Kiwi looking to buy.”
ASB has also reduced three of its term deposit rates by between 5 and 10 basis points.
All rate adjustments are effective immediately for new and current customers.
| Fixed home lending term | Previous rate | New rate | Rate decrease |
| 1-year | 5.59% | 5.54% | - 5 bps |
| 18-month | 5.39% | 5.34% | - 5 bps |
| 2-year | 5.49% | 5.29% | - 20 bps |
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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