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ASB announces five year fixed rate special

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Fuseworks Media
Fuseworks Media

ASB is introducing a new five year fixed rate special of 6.85% p.a.

The special five year rate applies to new and existing lending for customers who have at least 20% equity (i.e. a Loan to Valuation Ratio of less than or equal to 80%), an ASB credit card and have salary or wages credited to their main transaction account with ASB. The new five year special rate is in addition to our revised two year fixed special of 5.85% p.a.

"This new five year fixed term special provides customers with a great rate and certainty over the long term as we approach the Reserve Bank’s review of the Official Cash Rate on 12 June," says Shaun Drylie, ASB General Manager of Product and Strategy.

Rates are effective from 5pm Friday 6 June 2014.

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