Kiwibank has adjusted its mortgage rates, cutting longer-term fixed rates while lifting its six-month offering.
The bank's six-month fixed rate rose 16 basis points to 4.65%. In contrast, longer terms fell, with the two-year rate down 10 basis points to 5.19%, the three-year rate dropping 16 basis points to 5.39%, and both four-year and five-year rates falling 30 basis points to 5.59% and 5.69% respectively.
The changes follow a decline in wholesale swap rates of approximately 15 basis points from mid-June to late June 2026. Kiwibank's two-year rate now matches Westpac's for that term, though its four and five-year rates remain 20 basis points above BNZ and Westpac.
Kiwibank also reduced term deposit rates for two to five-year terms by 10 basis points.