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One-year rates on the rise

Thursday, May 13th 2010, 2:08PM

The past week has seen the majority of our major banks hike one-year fixed interest rates by between 10 and 30 basis points.  ASB Bank is the only bank to remain unchanged.

The median one-year rate for all major banks has risen 85 basis points in the past 12 months but has dropped 305 points since May 2008.

 

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Disclaimer: Every possible effort has been made to keep the information in the rates tables as accurate as possible, however, neither the publishers of Mortgage Rates nor anyone engaged to compile these tables accept any liability for inaccuracies or any loss suffered as a result. It is strongly advised that readers check loan details directly with the provider concerned.

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