Article #976496078
Thursday, December 17th 2009, 8:09AM
Kiwibank has made significant movements raising its one-year, 18-month and two-year fixed rates by between 10 and 30 points.
Its 18-month rate went up 10 points to 6.39%, its two-year rate increased 25 points to 7.20% and its one-year rate jumped 30 points to 6.25%, which is now higher than most of the rates from the major banks for the same term.
Westpac increased its one-year rate by 21 basis points to 6.20% after it increased its six-month and two-year rate earlier in the week.
Public Trust increased its two-year rate by 24 basis points to 6.99% which is still below the median rate for non-bank lenders and AMP Home Loans also made increases with its one-year fixed rate also leaping up by 30 basis points for both its standard and priority products. The new rates are now 6.25% and 6.15% respectively. This is the first rate change for AMP since October this year.
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