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% | 4.69% | 4.99% | 5.29% | 5.49% | 6.19% | 6.29% |
| ASB | 4.49% | 4.65% | 4.95% | 5.25% | 5.49% | 5.69% | 5.89% |
| BNZ | 4.49% | 4.65% | 4.95% | 5.19% | 5.39% | 5.59% | 5.79% |
| Kiwibank | 4.49% | 4.65% | — | 5.29% | 5.55% | 5.89% | 5.99% |
| Westpac | 4.69% | 4.69% | 4.99% | 5.19% | 5.35% | 5.39% | 5.59% |
| TSB | 4.59% | 4.59% | 5.09% | 5.19% | 5.49% | 5.69% | 5.79% |
| Co-op Bank | 4.59% | 4.65% | 4.99% | 5.29% | 5.49% | 5.75% | 5.89% |
| SBS Bank | 4.49% | 4.69% | 4.95% | 5.19% | 5.29% | 5.59% | 5.79% |
| Heartland | — | 5.89% | — | — | — | — | — |
Ready to compare? See what these rates mean for your mortgage →
These are live fixed mortgage rates from New Zealand's nine major banks, refreshed hourly from publicly available bank pricing. Use the toggle above to switch between best available rates (the lowest each bank offers, typically requiring 20%+ equity) and standard rates (available to all borrowers).
Fixed mortgage rates are primarily driven by wholesale swap rates — the cost banks pay to fund fixed-rate lending — rather than the OCR alone. The OCR (set by the Reserve Bank seven times per year) more directly affects floating rates. Banks adjust fixed pricing based on swap rate movements, competitive pressure, and their own funding costs. 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.
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