Earlier this week we expected ASB and Bank Direct to follow Sovereign's lead and reduce their fixed rates - but it didn't happen. Well we asked Sovereign what happened here and this is their response.
In other moves Public Trust, which has one of the sharper floating rates, now has a pretty good looking six month rate. It shaved 15 points off yesterday bringing it to 5.60%. We sorted the table here by six month rates and it shows only a coule of other lenders beat the Public Trust at the moment,
