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Banks scrap sales incentives

Tuesday, June 25th, 9:52AM  Add your comment

No rate changes today after BNZ's cuts yesterday.

There's some interesting news from the lenders, as the Financial Markets Authority and Reserve Bank announced "all banks" have committed to removing front line sales incentives. Find out more here: [READ ON].

Banks scrap sales incentives

Monday, June 24th, 2:32PM

New Zealand's banks have committed to ending sales incentives for frontline staff and their managers following pressure from regulators.

It’s not just about mortgage rates

Monday, June 24th, 1:59PM

Historically low mortgage rates might boost the housing market but they are not the only factor at play in the market, according to ASB economists.

Changes from last:

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Mortgage Lender Floating 6 mth 1 year 18 mth 2 years 3 years 4 years 5 years RC
ANZ Special - 4.49 3.89 4.19 3.85 4.05 - - -
ASB Bank Special - 4.49 3.89 3.89 3.85 4.05 4.35 4.45 -
Westpac Special - - 3.89 - 3.85 4.05 4.35 4.45 -
ANZ 5.69 4.99 4.39 4.69 4.35 4.55 4.85 4.95 5.80
ASB Bank 5.70 4.89 4.29 4.29 4.35 4.55 4.85 4.95 5.75
BNZ - Std, FlyBuys 5.80 4.99 4.69 4.79 4.59 4.79 5.19 5.39 -
Westpac 5.79 4.99 4.69 4.79 4.79 5.19 5.29 5.49 5.95
BNZ - Mortgage One 6.40 - - - - - - - 7.15
BNZ - Rapid Repay 5.85 - - - - - - - 6.74
BNZ - TotalMoney 5.80 - - - - - - - -
Westpac - Offset 5.79 - - - - - - - -
Median 5.79 4.94 4.29 4.49 4.35 4.55 4.85 4.95 5.95

Last updated: 24 June 2019 8:57am

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