In a sign banks are starting to be a little more competitive in the home loan space we have "non-carded" specials from ANZ/National Bank and Kiwibank.
ANZ National are offering a 12 month rate at 5.50%. However its carded 12 month rate is 5.95%. When you sort our rates table on one-year terms it is clear that this offer is the best in the market. Have a look here.
We also have something we haven't seen for a while and that is a special offer with what we call a hybrid term. That is a rate with a non-standard term. Kiwibank is the player here offering a 30-month rate at 5.99%.
To see how competitive that is you need to look at two year and three year rates. The lowest rates here are from HSBC at 6.10% and 6.50% respectively. On that basis the Kiwibank offer is attractive.
