TSB looks to have avoided Kiwibank's rate promise problems
Under that offer, TSB pledged to beat any nationally advertised mortgage with a fixed interest rate that was offered by any of the big four Australian-owned banks.
A similar offer in the early 2000s landed Kiwibank in hot water with the Commerce Commission.
But this time around appears to be different. The commission says it has had no complaints about the TSB offer and has not undertaken any investigation.
TSB said it was taking last year's 'rate match' pledge a stage further. It would offer a mortgage 0.05% below any fixed, nationally advertised offer from the four big Australian-owned banks, ANZ, ASB, BNZ or Westpac.
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