Kiwibank reduces home loan and term deposit interest rates

Monday 9 June 2025 · 2 outlets · 2 reports · updated Mon 9 Jun 2025, 11:20am

In this story Reserve Bank of New Zealand, Kiwibank

Kiwibank has lowered several home loan interest rates, including its one-year special fixed rate to 4.89%. The bank is also reducing various term deposit rates by between 10 and 15 basis points. These changes follow a decrease in the official cash rate from 5.5% to 3.25%.

How they headlined it

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1. Otago Daily TimesMon 9 Jun 2025, 10:40am

   Another bank cuts home loan interest rates (opens in new tab)

2. 1News via RNZMon 9 Jun 2025, 11:20am

   Another big bank cuts home loan interest rates (opens in new tab)