Following the earlier changes by Kiwibank we have seen The Co-operative Bank raise some longer term rates. However at the other end BNZ has lowered its 18-month Classic rate. Also yesterday SBS and HBS introduced differential pricing and HSBC rolled out what it says is the lowest rate in a a decade.
One of the big changes at the moment is a differentiation of rates based on whether the LVR is higher or lower than 80%. This has made us revisit how we display rates. Our current thinking is that there is a seperate line for rates with an LVR of more than 80%. Rates below this level rates are then recorded as the standard rates - even though banks label them as "Specials".
We would appreciate any thoughts or new ideas of how we can best display rates for you. Email us here
