Fixed rates inch up

After a raft of increases to floating rate home loans another bank has raised fixed rates.

BNZ joins Westpac, TSB and The Co-operative bank which have all increased fixed rates over the past week.

Its flagship Classic Home Loan two year rate has risen 10 basis points to 5.69%. It had been 5.59% while its Standard and Fly Buy products are up to 6.29%.

It is interesting to see our rates table sorted on highest to lowest two-year fixed rate and see the difference between standard rates and Special rates.

BNZ's six-month rate is up 14 basis points and its 18-month rate increased four basis points.