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Unemployment

Covid's uneven employment impact still being felt. By Andy Fyers.

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Finance

Simplicity opens 2.25% floating mortgage offer to new KiwiSavers

Jenny Ruth
Wed, 05 May 2021

Simplicity founder and managing director Sam Stubbs has some experience of non-bank deposit taking.
Jenny Ruth
Wed, 05 May 2021
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KiwiSaver manager Simplicity is extending its floating rate mortgage offer to new members and is offering what it says is the lowest floating rate in the country at 2.25%.While Simplicity referenced floating rates offered by banks range from Kiwibank's 3.4% to Westpac's 4.59%, it overlooked Heartland's online-only 2.5% floating rate offer and BNZ's confusing array of floating rates, of which its Mortgage One offer is highest at 5.15%.Simplicity said its offer, launched in October 2019, was previously open only to those who had b...

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