ASB has today reduced several of its fixed home lending rates by up to 20 basis points, marking the bank’s seventh fixed rate mortgage drop in 2025. ASB has also lowered some of its term deposit rates by between 5 and 20 basis points.
ASB’s Executive General Manager Personal Banking Adam Boyd says “Interest rates remain a hot topic of conversation, with homeowners and first home buyers watching the market closely. Whether you’re looking to fix or float, today’s drops to our fixed lending rates across short and medium terms, along with our lower variable rates announced last week, give New Zealanders a range of appealing options to consider.”
All rate decreases are effective immediately.
|
Fixed home lending term |
Previous rate |
New rate |
Rate decrease |
|
6-month |
5.59% |
5.45% |
– 14 bps |
|
1-year |
4.99% |
4.95% |
– 4 bps |
|
18-month |
4.99% |
4.89% |
– 10 bps |
|
2-year |
4.99% |
4.95% |
– 4 bps |
|
3-year |
5.35% |
5.15% |
– 20 bps |
