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Long term fixed rates dip below 4%

For something new today we have produced a graph comparing Special rates from three New Zealand-owned banks, Kiwibank, SBS and TSB as well as HSBC. It shows there is a wide range of rates on offer.

Kiwibank, which recorded strong lending growth in the most recent financial year, continues to grow with the release of more market leading rates.

It has had the lowest one-year fixed rate for a while but now leads in the four and five year terms with sub-4% rates.

We have done something different today and produced a graph comparing which shows the wide difference among rates being offered in the market. HAVE A LOOK HERE

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