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ASB cuts its five-year fixed interest rate special

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Fuseworks Media
Fuseworks Media

ASB is cutting its five-year fixed interest rate special to 5.75% p.a. and has dropped its two-year fixed rate special to 5.39% p.a.

The fixed rate specials rate apply to customers who have at least 20% equity (i.e. a Loan to Valuation Ratio of less than or equal to 80%), have their salary or wages credited to a main transaction account with ASB and one other ASB product.

"This fantastic five year fixed rate special will make it easy for customers who are after long-term certainty to know they are getting the best possible rate. For those looking at the medium term options, we have great two and three-year fixed rate specials as well," says Vince Clark, ASB’s Head of Home Lending.

Rates are effective from 5pm Thursday 12 February.

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