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Kiwibank raises a raft of TD rates a week after cutting some

Staff reporters
Mon, 26 Jul 2021

Kiwibank is raising a raft of term deposit rates by between 15 and 35 basis points, a week after it cut a couple of deposit rates and raised all but its two-year mortgage rate.The government-owned bank's biggest hike is in its two-year deposit rate, which is going from 1.15% to 1.5% for amounts above $10,000 and from 1.05% to 1.4% for amounts between $5,000 and $9,999.The smallest increase is in its six-month deposit rate, which rises from 0.9% to 1.05% for amounts above $10,000.Its three, four and five-year deposit rates are all going up b...

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