ANZ is dropping its one-year fixed interest mortgage rate from 5.19% to 4.95%, for lending when there is at least 20% equity in the deal.
The new rate, effective from tomorrow, is one part of ANZ’s "best-ever" home loan offer – a package that includes incentives such as $1,000 cash on new lending of more than $100,000, fee-free banking and a free ANZ Visa Debit card with the ANZ Freedom account and a credit card with no account fee for one year.
The new rate matches BNZ's Classic Home Loan rate.
You can see who has has the best one-year fixed rate here where we have sorted the table from lowest to highest.
ANZ managing director retail, Kerri Thompson, said the new offer was about providing people with an excellent deal for their ongoing, everyday banking.
