1 year
4.39%
TSB holds the lead.
TSB holds the cheapest 1-year major-bank rate at 4.39%. Kiwibank lifted its 2 years rate by 0.20% versus 22 Mar. The widest featured-term spread is 1.50% on the 1 year market.
TSB holds the lead.
BNZ and TSB share the lead.
BNZ, Westpac, TSB and SBS Bank share the lead.
Westpac holds the lead.
TSB holds the cheapest 1-year major-bank rate at 4.39%.
BNZ and TSB lead the 2-year term at 4.89%.
4 of the tracked major banks moved at least one featured fixed term in the last 7 days.
Across featured terms, borrowers face up to a 1.50% gap between the cheapest and priciest major-bank offers.
| Bank | Term | Change | From | To |
|---|---|---|---|---|
| Kiwibank | 2 years | ↑ 0.20% | 4.89% | 5.09% |
| Kiwibank | 3 years | ↑ 0.20% | 5.25% | 5.45% |
| SBS Bank | 6 months | ↓ 0.20% | 4.69% | 4.49% |
| ASB | 3 years | ↑ 0.20% | 5.19% | 5.39% |
| ASB | 2 years | ↑ 0.14% | 4.95% | 5.09% |
| SBS Bank | 3 years | ↑ 0.14% | 5.15% | 5.29% |
| SBS Bank | 2 years | ↑ 0.10% | 4.89% | 4.99% |
| ASB | 6 months | ↓ 0.10% | 4.59% | 4.49% |
| Bank | Leading now | 30-day lead share | Avg premium to leader |
|---|---|---|---|
| TSB | 3 / 4 | 54.8% | 0.03% |
| BNZ | 2 / 4 | 22.5% | 0.10% |
| Westpac | 2 / 4 | 17.2% | 0.13% |
| SBS Bank | 1 / 4 | 4.9% | 0.10% |
| Kiwibank | 0 / 4 | 0.6% | 0.22% |
| ASB | 0 / 4 | 0.0% | 0.15% |
| Co-operative Bank | 0 / 4 | 0.0% | 0.22% |
| ANZ | 0 / 4 | 0.0% | 0.28% |
| Heartland Bank | 0 / 4 | 0.0% | 1.50% |
When you've spotted a term worth watching, run it through the MyRefix calculator to see the break-even rate and payment trade-off on your own mortgage.
MyRefix is free and always will be. If the market monitor saved you time or sharpened a refix decision:
☕ Buy me a coffeeThis page tracks the major banks that most borrowers compare when they refix. Use it to spot which lender is leading each featured term, where the biggest weekly moves are happening, and how wide the spread is between the cheapest and priciest offers.
If one bank is clearly leading the 1-year or 2-year term, that tells you where price pressure sits right now. If several banks are tied, it usually means pricing is clustered and the decision comes down more to your own break-even than to chasing one standout offer.
Once you find the terms you care about, run them through the MyRefix calculator to see how the repayment and break-even trade-offs look on your own mortgage. If you want a raw rate table first, head to Compare Rates.