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Kiwibank Rate Changes
Kiwibank is adjusting its home loan and business lending rates in response to today’s OCR changes.
Further details are available below.
Home Lending
Effective from:
- Monday 14 April for new lending
- Monday 28 April for existing lending
| Product | Previous Rate | New Rate |
| Term loan - Variable | 6.75% | 6.50% |
| Term loan – Offset variable | 6.75% | 6.50% |
| Revolving loan | 6.80% | 6.55% |
Business Lending
Variable business lending rates will decrease by 0.25%. Impacted customers will be notified ahead of their rate changing.
Deposits
Effective from Monday 14 April
| Product | Previous Rate | New Rate |
| 90 Day Notice Saver | 3.60% | 3.35% |
| 32 Day Notice Saver | 3.05% | 2.80% |
| Product | Previous | New | ||
| Base rate | Bonus rate | Base rate | Bonus rate | |
| Standard Online Call | 2.75% | 0.00% | 2.50% | 0.00% |
| PIE Online Call | 2.75% | 0.00% | 2.50% | 0.00% |
| Business Online Call* | 2.75% | 0.05% | 2.50% | 0.05% |
*Minimum balance of $2,000
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