Rate stategy offers variety
Often the banks will have remarkably similar carded home loan rates. But as our graph of selected lenders from mortgagerates.co.nz shows there is huge variation, particularly when it comes to short-term rates of up to two years.
After that normal transmission resumes and rates are all within cooee of each other.
The most spectacular is not “our” bank, Kiwibank, but SBS. Its 4.99 per cent six month rate is a leader, and way out at the other end its five-year fixed rate smashes the others.
Maybe it’s really focused on buying business? Its quarterly general disclosure statement, out this week, shows it has struggled with new business and blamed the Christchurch earthquake for that.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[Weekly Wrap] Research shows KiwiSaver is a key issue in the election; GRTV Special looks at what's on offer.](https://goodreturns.publit.io/file/c_fill,w_300,h_200/36b7de93-7b53-4a06-855a-4a8f4009a280.webp)
