Simplicity opens 2.25% floating mortgage offer to new KiwiSavers

Simplicity founder and managing director Sam Stubbs has some experience of non-bank deposit taking.

Wed, 05 May 2021

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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