Live rates from all major banks, updated every hour
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 | 4.49% | 4.59% | 4.89% | 5.09% | 5.39% | 6.09% | 6.19% |
| ASB | 4.49% | 4.59% | 4.75% | 5.09% | 5.39% | 5.55% | 5.69% |
| BNZ | 4.49% | 4.59% | 4.79% | 4.89% | 5.29% | 5.59% | 5.79% |
| Kiwibank | 4.49% | 4.59% | — | 5.09% | 5.45% | 5.79% | 5.89% |
| Westpac | 4.49% | 4.59% | 4.85% | 5.19% | 5.29% | 5.39% | 5.59% |
| TSB | 4.59% | 4.39% | 4.99% | 4.89% | 5.29% | 5.55% | 5.69% |
| Co-op Bank | 4.59% | 4.59% | 4.89% | 5.15% | 5.39% | 5.75% | 5.89% |
| SBS Bank | 4.49% | 4.59% | 4.79% | 4.99% | 5.29% | 5.55% | 5.69% |
| Heartland | — | 5.89% | — | — | — | — | — |
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The rates shown above are current fixed mortgage rates offered by New Zealand's major banks, sourced live from publicly available bank pricing. Rates are refreshed every hour so you're always seeing the latest offers.
Best Available shows each bank's lowest rate — special where offered (typically requires 20%+ equity), or standard where that's all they have. Banks like BNZ don't distinguish between special and standard. Standard Only shows rates available to all borrowers regardless of equity. Use the toggle above to switch views.
Look for the highlighted rates — these are the lowest across all banks for each term. If you're deciding between fixing short or long, try the MyRefix calculator to find your personal break-even rate and understand the trade-off.
Fixed mortgage rates are primarily driven by wholesale swap rates — the cost banks pay to fund fixed-rate loans — rather than the OCR alone. The OCR (set by the Reserve Bank seven times per year) more directly affects floating rates. Banks adjust fixed rates based on swap rate movements, competitive pressure, and their own funding costs. Sign up for rate change alerts on the calculator page to be notified when your bank moves.
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