MR - Weekly News

Banks punch below their weight

Thursday 1st of July 2010

Kiwibank cut 31 basis points off its two-year fixed home loan rate today, reducing it from 7.30% which is the median for all banks to 6.99%. This makes its new rate 20 basis points lower than the closest bank which is TSB.

Westpac, AMP and HSBC also made changes over the week...

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