Discover

Bank drops fixed mortgage rates again

BNZ makes changes to its rates for loans covering one year through to five years

Stuff reporters
Last updated: 29 August 2025 | 1 min read
AI

AI summary

BNZ has lowered several of its fixed home loan rates, following a recent Reserve Bank cut to the Official Cash Rate. The changes apply to mortgage terms ranging from one to five years, while the standard 6-month fixed rate remains the same.

New special rates include:

- 4.75% for 1-year, 18-month, and 2-year terms

- 4.95% for the 3-year term

This provides potential savings for homeowners and buyers considering fixing their mortgage interest rates.

Author

Stuff reporters Stuff reporters
stuff.co.nz