One-year fixed interest rates have risen on average 69 basis points, for the major banks combined, since its lowest point in the past year (July 2009).
Individually, ASB has made the biggest moves and more often and its one-year rate is now 60 basis points higher than what it was in February 09. Westpac follows closely with a now 50 point higher rate than what it was offering in February 09. National Bank's latest one-year rate of 6.15% is only 36 points higher than its rate of 5.79% it was offering a year ago.
