ASB has adjusted its fixed home loan rates to bring them into line with its main competitors, lifting its 6-month rate by 0.20 percentage points to 4.69% and its 18-month rate by 0.14 percentage points to 5.09%.
The bank also reduced term deposit rates across 2, 3, and 5-year terms by between 10 and 25 basis points, meaning it no longer offers a 5% rate for five-year deposits. The changes follow a decline in wholesale swap rates of about 15 basis points between mid-June and late June 2026.