BNZ and TSB Bank are the latest banks to make rate changes this week along with PSIS.
BNZ has raised its variable rates across all its products by 25 basis points with its TotalMoney rate of 5.84% now the lowest bank variable rate. BNZ also increased its six-month rates by 20 bps, its 18-month rates went up by 16 bps and its one- and two-year rates rose 14 and 10 points respectively.
TSB Bank has taken a slightly different approach with making no changes to its floating rate, keeping it at 5.99%, but increasing its six-month and one-year rates by 25 and 20 points respectively.
PSIS has followed the main trend with upping its floating, six-month and one-year rates although by smaller increments. Its floating rate rose 20 basis points to 5.95%, its six-month rate went up by 15 bps and its one-year rate increased by 10 points to 6.45%
Read about some of this weeks changes here.
