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Kiwibank cuts longer-term mortgage rates

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Fuseworks Media
Fuseworks Media

Kiwibank is cutting its three, four and five-year mortgage rates effective on Monday February 16, 2015. The three-year rate drops 34 points to 5.55% p.a.; four years down 40 points to 5.99% and five years down 10 points to 5.79%.

There is a cash bonus of $2015 for new lending of more than $100,000 with a minimum 20% deposit.

The new three and five year rates being promoted by the bank are considered "specials" and will only be available for a short time.

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