More big rate changes have been made in the past 24 hours with General Finance and its related companies raising its one-year fixed rate by a huge 45 points and its two-year rate went up by 44 points. Its three, four and five-year rates were all bumped up by over 30 points. The new rates are now topping the chart for rates of two-years and longer for non-bank lenders.
Nelson Building Society has increased its one and two-year fixed rates by 6 and 15 points respectively. Its rates are now 6.05% for a one-year term and 7.10% for the two-year term.
Public Trust only made relatively minor changes yesterday with five points being added to its two and three-year rates and its four-year rate got boosted by 15 basis points.
