EP: 2464
Will This Bank Merger Make Mortgages Cheaper⎟Ep. 2464
Two New Zealand banks want to join forces and take on the Aussie giants.
In this episode, Ed and Andrew unpack Heartland Bank’s proposed $620 million acquisition of TSB – what it means for competition in the banking sector and why some people in Taranaki aren't convinced it's a good idea.
You’ll learn:
- The $620m merger is shaking up NZ banking
- Will more competition mean lower mortgage interest rates?
- What it means for you if you’re a TSB or Heartland Bank customer
The real question? Is this the start of a stronger New Zealand-owned competitor in banking... or simply two smaller players combining forces without changing much for everyday borrowers?
Looking to calculate and compare your mortgage repayment options? Use our mortgage calculator to find out your potential monthly payments.