Kiwibank cuts mortgage and term deposit rates

Figures from China and United States show inflation is heading in the right direction. (Image: Getty)

Mon, 15 Jan 2024

Kiwibank has cut some mortgage and term deposit rates after positive signs global inflation is softening.On Monday, the government-owned bank cut its fixed mortgage rates from two to five years.Its standard five-year rate dropped from 7.69% to 7.49%, while the two-year rate went from 8.05% to 7.89%.The three-year rate dropped by 14 basis points to 7.65%, and the four-year rate dropped from 7.69% to 7.59%.For its special rate, the five-year fixed was cut from 6.79% to 6.59%, with its four-, three- and two-year fixed rates all drop...

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