Yesterday, BNZ increased its six-month rate by 25 basis points for both its Standard/Fly Buys and GlobalPlus products. The new rates are 5.75% for the Standard product and 5.85% for the GlobalPlus product.
These rates are still well below ANZ and ASB's six-month rates. Westpac is leading the charge with a 5.49% rate for the same term. BNZ last made changes to its six-month rate back in March of this year when it dropped it by nearly half a percent.
TSB Bank has now also raised its six-month rate by 25 points to 5.75%.
