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Monday, 19 July 2021, 12:57 pm
ASB is supporting customers affected by the
extreme weather event in Westport and Marlborough, offering
tailored packages including suspension of home loan
repayments and an emergency overdraft facility of up to
$100,000 at a reduced variable interest rate of 2.95% p.a.
for business and rural customers.
ASB executive
general manager Retail Banking Craig Sims says the bank will
work closely with its customers during this stressful time
and will fast track any requests for emergency assistance.
“We know people are doing it tough after days of severe
rain, power outages and families and businesses being forced
to evacuate. These challenges will continue long after the
Press Release – ASB Bank ASB is supporting customers affected by the extreme weather event in Westport and Marlborough, offering tailored packages including suspension of home loan repayments and an emergency overdraft facility of up to $100,000 at a reduced …
ASB is supporting customers affected by the extreme weather event in Westport and Marlborough, offering tailored packages including suspension of home loan repayments and an emergency overdraft facility of up to $100,000 at a reduced variable interest rate of 2.95% p.a. for business and rural customers.
ASB executive general manager Retail Banking Craig Sims says the bank will work closely with its customers during this stressful time and will fast track any requests for emergency assistance. “We know people are doing it tough after days of severe rain, power outages and families and businesses being forced to evacuate. These challenges will continue long after the flooding subsides, and ASB is here to help.
ASB Bank has broken ranks from other major home lenders and raised its fixed mortgage rates across the board.
ASB raised fixed home loan rates and made smaller rises to some term deposit rates.
Photo: RNZ / Dom Thomas
The country s second biggest home lender has raised fixed home loan rates by 30 to 36 basis points (0.3 to 0.36 percent), notably including the one and two year fixed rates, which are the most popular with home buyers.
ASB executive general manager of retail banking, Craig Sims, said the economy was robust, and the economic outlook had improved. While interest rates are now increasing, they remain at historically low levels.
Some have only experienced low rates : ASB first to increase mortgage rates
(Photo / Getty) Wed, 14 Jul 2021, 10:02AM
ASB is the first of the major banks to increase its mortgage and term deposit rates.
The bank has lifted its fixed one-year rate by 0.36 per cent, up from 2.19 per cent to 2.55 per cent per annum.
The two-year rate has gone from 2.59 per cent to 2.95 per cent as part of the update.
Meanwhile, the five-year rate has increased by 0.3 per cent, lifting from 3.69 per cent to 3.99 per cent.
These changes precede the Reserve Bank s OCR announcement at 2pm this afternoon.
Most banks have forecast the OCR rate to lift from its current record low 0.25 per cent by November.