Westpac NZ has cut its fixed term housing interest rates as part of its ongoing support for New Zealanders affected by COVID-19.
The following changes will come into effect on Tuesday 24 March:
- 1-year special housing rate reduced to 3.09%
- 2-year special housing rate reduced to 3.39%
Westpac NZ General Manager of Consumer Banking and Wealth, Gina Dellabarca, says the bank has a range of options to help customers who are impacted as a result of COVID-19.
“We urge people who are concerned about their finances to contact us to discuss their options, which can include mortgage holidays, or temporary interest-only payments on their mortgages,” Ms Dellabarca says.
“We’ll be announcing additional support initiatives in the near future.”