BNZ cuts one-year fixed mortgage rate below 4.5% as next OCR decision looms

(Image: Supplied)

Tue, 30 Sep 2025

BNZ has cut its one-year fixed home loan rate to a market-leading 4.49%.The 26-basis-point (bps) cut, effective from Tuesday, is the lowest standard advertised rate among the major banks.The lowest one-year rate currently offered by ASB, ANZ, Westpac and Kiwibank is 4.75%.Karna Luke, BNZ’s executive for customer products and services, said the bank was continuing to compete hard for new home loan customers by offering attractive rates.“This 26bps cut provides meaningful savings for both new and existing customers.Read more at the&nb...

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