ASB Drops Mortgage Rates For The Seventh Time This Year
ASB has today reduced several of its fixed home lending rates by up to 20 basis points, marking the bank's seventh fixed rate mortgage drop in 2025. ASB has also lowered some of its term deposit rates by between 5 and 20 basis points.
ASB's Executive General Manager Personal Banking Adam Boyd says 'Interest rates remain a hot topic of conversation, with homeowners and first home buyers watching the market closely. Whether you're looking to fix or float, today's drops to our fixed lending rates across short and medium terms, along with our lower variable rates announced last week, give New Zealanders a range of appealing options to consider.'
All rate decreases are effective immediately.
Fixed home lending term Previous rate New rate Rate decrease
6-month 5.59% 5.45% - 14 bps
1-year 4.99% 4.95% - 4 bps
18-month 4.99% 4.89% - 10 bps
2-year 4.99% 4.95% - 4 bps
3-year 5.35% 5.15% - 20 bps
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In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today.
ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance.
ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want.
We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
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