Yield Curve: Small lenders v Big banks

In this week's look at yield curves we have two graphs the first is the big banks and how they compare with standard rates.

First up is the big banks. The key feature here is that there is little difference between what is on offer. On standard rates BNZ is a clear market leader and Westpac, which has received a lot of flak over its pricing in recent months is looking much more competitive viz-a-viz the other banks on standard rates.

ANZ is in line with Westpac, generally, except with one and two year rates.

ASB, on carded rates looks pretty unappealing compared to its competitors, but it should be noted that it has the biggest number of specials in the market and there are significant spreads between carded and standard rates as follows.