ASB cuts fixed home loan interest rates

Media Release
1 November 2011

ASB cuts fixed home loan interest rates

ASB is reducing its fixed home loan interest rates by up to 0.40%.

The new rates are effective from tomorrow, Wednesday 2 November.  They include a 0.40% reduction in the 3 year rate to  6.30% per annum; a 0.35% reduction in the 4 year rate to 6.70% per annum; and a 0.30% percent reduction to 18 month, 2 year and 5 year rates to 5.80%, 6.00% and 7.10% per annum respectively.

“We are passing on the benefits of movement in wholesale funding rates to our customers. Our fixed home loan rate reductions mean ASB now offers the most competitive 18 month, 3, 4 and 5 year fixed rates among the major banks,” said ASB Executive General Manager Strategy, Payments and Product, Catherine McGrath.

ENDS