PHOTO: LAWRENCE SMITH/STUFF BNZ says it’s lowered mortgage rates and increased a term deposit rate.
BNZ is cutting fixed mortgage rates to its lowest ever advertised rate and will waive contactless debit transaction fees for small businesses over the next three months in response to the impacts of coronavirus.
On Friday BNZ announced changes in home loans, term deposits, and contactless transaction fees to provide more certainty for its customers at a time when widespread economic disruption is expected due to Covid-19.
BNZ’s one year “classic” fixed interest home loan rate has been cut by 40 basis points to 3.09 per cent, its 18 months rate has been cut by 34 basis points to 3.05 per cent and its two year rate has been cut by 20 basis points to 3.35 per cent.
READ MORE VIA STUFF