Kiwibank cuts mortgage and term deposit rates

Kiwibank cuts mortgage and term deposit rates
Figures from China and United States show inflation is heading in the right direction. (Image: Getty)
Riley Kennedy
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...

More Economy

Monthly CPI tech takes Stats NZ into the future
Economy

Monthly CPI tech takes Stats NZ into the future

Budget funding for new inflation-reporting tech is a giant leap forward, agency says.

Maria Slade 27 Jun 2025
Corporates think NZ 's on the up: Forsyth Barr
Primary Sector

Corporates think NZ 's on the up: Forsyth Barr

The Pulse of NZ Business survey found construction and retail continue to lag.

Gregor Thompson 25 Jun 2025
S&P/NZX 50 Index opens down after US strike on Iran
Economy

S&P/NZX 50 Index opens down after US strike on Iran

NZD/USD also under pressure as investors seek safe haven. 

Rebecca Howard 23 Jun 2025