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United States Business.Scoop » ASB Lowers Fixed Mortgage Rates
2 Dec 2024
Business
Press Release – ASB. ASB has also reduced some of its term deposit rates by between 10 and 20 basis points. ASB has today announced adjustments to its fixed"...
Press Release – ASB
ASB has also reduced some of its term deposit rates by between 10 and 20 basis points.
ASB has today announced adjustments to its fixed mortgage rates, following the bank’s reductions across floating mortgage rates last week. ASB’s latest changes include a 20-basis point reduction to its 1-year term, down to a joint market-leading rate of 5.79%.
ASB has also reduced some of its term deposit rates by between 10 and 20 basis points.
All rate adjustments are effective immediately for new and current customers.
| Fixed home lending term | Previous rate | New rate | Rate decrease |
| 6-month | 6.39% | 6.19% | -0.20% |
| 1-year | 5.99% | 5.79% | -0.20% |
| 18-month | 5.79% | 5.59% | -0.20% |
| 2-year | 5.69% | 5.49% | -0.20% |
| 3-year | 5.69% | 5.59% | -0.10% |
Content Sourced from scoop.co.nzOriginal url
