ANZ cuts longer-term deposit rates, Will Kiwibank follow?

ANZ cuts longer-term deposit rates, Will Kiwibank follow?

Last week saw ANZ National giving up position it held with Kiwibank as the market leader among banks for longer-term deposit rates. The bank made a huge 75 basis points cut in five-year and four-year deposit rates, and also lowered three-year deposit rates by 50 basis points.