Advertised rates from nine tracked NZ lenders, checked hourly
Showing each bank's lowest rate — special where available (typically requires 20%+ equity). Banks like BNZ don't distinguish special vs standard.
| Bank | 6mo | 1yr | 18mo | 2yr | 3yr | 4yr | 5yr |
|---|---|---|---|---|---|---|---|
| ANZ | 4.79% | 4.99% | 5.45% | 5.49% | 5.59% | 6.39% | 6.49% |
| ASB | 4.79% | 4.99% | 5.35% | 5.45% | 5.45% | 5.49% | 5.59% |
| BNZ | 4.79% | 4.99% | 5.29% | 5.45% | 5.45% | 5.45% | 5.49% |
| Kiwibank | 4.75% | 4.95% | — | 5.39% | 5.49% | 5.59% | 5.69% |
| Westpac | 4.75% | 4.99% | 5.35% | 5.45% | 5.39% | 5.39% | 5.49% |
| TSB | 4.79% | 4.99% | 5.19% | 5.49% | 5.69% | 5.89% | 5.99% |
| Co-op Bank | 4.79% | 4.94% | 5.35% | 5.45% | 5.69% | 5.89% | 5.99% |
| SBS Bank | 4.79% | 4.99% | 5.29% | 5.44% | 5.44% | 5.49% | 5.49% |
| Heartland | — | 5.89% | — | — | — | — | — |
Ready to compare? See what these rates mean for your mortgage →
These are fixed mortgage rates from nine tracked New Zealand lenders, refreshed hourly from publicly available pricing. Use the toggle above to switch between best available rates (the lowest each lender advertises, often with eligibility conditions) and standard rates (base advertised rates; lending criteria and low-equity margins may still apply).
Rates can change without notice and the data provider does not guarantee completeness or accuracy. Confirm the current rate, fees and eligibility conditions directly with the lender before making a decision.
Fixed mortgage rates are strongly influenced by wholesale swap rates, along with funding costs, risk and competition — not the OCR alone. The Reserve Bank currently reviews the OCR eight times per year, but lenders can change fixed pricing between decisions. That's why different terms can move in different directions at the same time.
A 4.99% rate on a $300,000 loan costs very differently from 4.99% on a $700,000 loan — and the remaining term matters too. A borrower with 25 years left pays far more total interest than one with 15 years left, because the loan balance stays higher for longer. The MyRefix calculator uses your actual numbers to show the real cost difference between any two terms.
Rates can change any day. Use the calculator to set up rate change alerts for your bank — you'll get a free email when pricing moves, so you can re-run your comparison with the latest numbers.
The core MyRefix calculator is free. If it saved you time or helped you make a better decision:
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