Kiwibank one year special down to 3.85%

Rates continue to fall across the market in the wake of the OCR cut, with Kiwibank's one year special down to just 3.85%.

The rate is the second-lowest one year rate on offer in the market, behind HSBC's special rate.

Kiwibank has slashed the rate by 20 basis points from 4.05%. The deal is available to owner-occupiers that can provide 20% equity. Those looking to borrow more than 80% LVR can access a rate of 4.60%, down from 4.80%.

The bank's two year special remains unchanged, but its standard 2 year, for those looking to borrow more than 80%, has fallen to 4.74% from 4.94%.

Kiwibank's changes come into effect today. 


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