BNZ has upped its one-year rates for its Standard/Flybuys and GlobalPlus options. Both products went up 26 points to 6.25% and 6.35% respectively and are now the highest offered by a bank. BNZ last changed its one-year fixed interest rate back in June of this year.
SBS Bank has boosted its one and two-year rates by 5 basis points to 6.25% and 7.25% respectively. This puts its one-year rate in line with the average for the minor banks.
Coming in under the median rate for non-bank lenders is PSIS's new one and two-year rates which both jumped up 20 basis points.
