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4 min read

Latest interest rate changes in NZ

Explore the latest interest rate changes from NZ's main banks. Our detailed update shows recent shifts, allowing you to compare and understand how these adjustments could affect your finances.
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Author: Ed McKnight

Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.

Reviewed by: Laine Moger

Journalist and Property Educator with six years of experience, holds a Bachelor of Communication (Honours) from Massey University.

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Interest rates can change at any time. And often, it's hard to keep track of which bank changed their interest rates (and when). 

That's why this article keeps track of when each bank most recently changed its interest rates. 

That way, you can stay up to date with interest rates.

Here are the 3 banks that most recently updated their interest rates:

The bank that most recently changed their interest rates was ASB. They changed 2 of their rates on 8 April:

  • The 2 year went down 0.04% (from 6.79% to 6.75%).
  • The 5 year went down 0.16% (from 6.55% to 6.39%).

5 days before, Westpac changed their rates. They changed the 2 year rate on 3 April. This went down 0.14%, from 6.89% to 6.75%.

And 23 days before that, KiwiBank made changes to their interest rates. They changed 6 of their rates on 11 March:

  • The 6 month went down 0.04% (from 7.39% to 7.35%).
  • The 1 year went down 0.1% (from 7.35% to 7.25%).
  • The 2 year went down 0.1% (from 6.89% to 6.79%).
  • The 3 year went down 0.1% (from 6.75% to 6.65%).
  • The 4 year went down 0.14% (from 6.69% to 6.55%).
  • The 5 year went down 0.04% (from 6.59% to 6.55%).


ANZ's most recent interest rate changes

Here are ANZ's current mortgage interest rates, along with when they recently changed them:

Here is how ANZ's interest rates have changed over time. This series starts in August 2023, which is when we started tracking each bank's interest rates on a daily basis. 

ANZ's interest rates

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ASB's most recent interest rate changes

Here are ASB's current mortgage interest rates, along with when they recently changed them:

Here is how ASB's interest rates have changed over time. This series starts in August 2023, which is when we started tracking each bank's interest rates on a daily basis. 

ASB's interest rates

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BNZ's most recent interest rate changes

Here are BNZ's current mortgage interest rates, along with when they recently changed them:

Here is how BNZ's interest rates have changed over time. This series starts in August 2023, which is when we started tracking each bank's interest rates on a daily basis. 

BNZ's interest rates

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Kiwibank's most recent interest rate changes

Here are Kiwibank's current mortgage interest rates, along with when they recently changed them:

Here is how Kiwibank's interest rates have changed over time. This series starts in August 2023, which is when we started tracking each bank's interest rates on a daily basis. 

Kiwibank's interest rates

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TSB's most recent interest rate changes

Here are TSB's current mortgage interest rates, along with when they recently changed them:

Here is how TSB's interest rates have changed over time. This series starts in August 2023, which is when we started tracking each bank's interest rates on a daily basis. 

TSB's interest rates

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Westpac's most recent interest rate changes

Here are Westpac 's current mortgage interest rates, along with when they recently changed them:

Here is how Westpac's interest rates have changed over time. This series starts in August 2023, which is when we started tracking each bank's interest rates on a daily basis. 

Westpac's interest rates

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Opes Partners
Ed solo

Ed McKnight

Our Resident Economist, with a GradDipEcon and over five years at Opes Partners, is a trusted contributor to NZ Property Investor, Informed Investor, Stuff, Business Desk, and OneRoof.

Ed, our Resident Economist, is equipped with a GradDipEcon, a GradCertStratMgmt, BMus, and over five years of experience as Opes Partners' economist. His expertise in economics has led him to contribute articles to reputable publications like NZ Property Investor, Informed Investor, OneRoof, Stuff, and Business Desk. You might have also seen him share his insights on television programs such as The Project and Breakfast.

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