Mortgages

1 min read27 Jul 2025

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.

Author: Peter Norris

Mortgage broker for over 10 years, property investor and Managing Director at Opes Mortgages

Reviewed by: Ed McKnight

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.

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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 Westpac. They changed 5 of their rates on 10 December:

The 6 month went down 0.2% (from 4.89% to 4.69%).
The 2 year went up 0.3% (from 4.45% to 4.75%).
The 3 year went up 0.3% (from 4.75% to 5.05%).
The 4 year went up 0.3% (from 4.99% to 5.29%).
The 5 year went up 0.3% (from 4.99% to 5.29%).

12 days before, TSB changed their rates. They changed the Floating rate on 28 November. This went down 0.15%, from 6.74% to 6.59%.

And the day before that, ANZ made changes to their interest rates. They changed the Floating rate on 27 November. This went down 0.20%, from 5.89% to 5.69%.

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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

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

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

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

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

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

Peter Norris

Mortgage broker for over 10 years, property investor and Managing Director at Opes Mortgages

Peter Norris, a certified mortgage adviser with 10+ years of experience, serves as the Managing Director at Opes Mortgages. Having facilitated over $1.2 billion in lending for 2000+ clients, Peter is a respected authority in property financing. He's a frequent writer for Informed Investor Magazine and Property Investor Magazine, while also being recognized as BNZ Mortgage Adviser of the Year in 2018 and listed among NZ Adviser's top advisers in 2022, showcasing his expertise.

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Ok, now for the legal bit:

This article is for your general information. It’s not financial advice. See here for details about our Financial Advice Provider Disclosure. So Opes isn’t telling you what to do with your own money.

We’ve made every effort to make sure the information is accurate. But we occasionally get the odd fact wrong. Make sure you do your own research or talk to a financial adviser before making any investment decisions.

You might like to use us or another financial adviser

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