Currently 3.55% is available for 12 months if I want it.
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Originally posted by elguapo View PostJust did a refix at 3.55% for 12 months.
Still least I didn't fix longer term as likely rates will go even lower as RBNZ seems keen to join the madness of 0% core rates so could well see
2.5%-3% 1yr fixed rates next year
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Originally posted by elguapo View PostYes, and they also offered 3.63 for two.
Would love to hear what people are getting with Westpac. I found them hard to deal with recently. They did just offer me their 3.69% 1yr rate which I was happy enough with considering recent dealings with them, but curious if anyone is getting further discounts from them?
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Originally posted by elguapo View PostYes, and they also offered 3.63 for two.
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Originally posted by Bob Kane View PostJust the normal deal available to all ASB customers.
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Yep that was what I noted Deechnz, that you got only .2 off the carded rate.
Does this mean you got a bad deal, or does it mean we are getting a lower reduction off the carded rate, now that rates are so low.
Used to be this:
.25% for the mildest request from Bank or Broker
.4% if you negotiated
.6% if you were important customer and spoke to the right person and negotiated hard
But this also depended on what term you were negotiating on.
I am thinking you may be able to negotiate a lot more on longer 3 and 5 year rates, than you can on 1 and 2 year rates.
As the 1 year rate is so close to what depositors get.
This just out today...........
Challenger bank SBS trims its key home loan rates to current levels to stay in touch with a falling market, with more evidence that most banks will match the lowest rate on offer, provided your financials are good
Note the comment about what the Ausies are doing for 60% LVR, I like the look of that.Last edited by Bluekiwi; 26-08-2019, 09:38 AM.
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Does anyone here accept an "investor surcharge" on top of the carded specials from their banks? BNZ is applying a 25 points surcharge for all investors and when i told my banker that i will walk rather than pay this amount he said he would apply for a 15 basis points discount for me which means i will still be paying 10 basis points above carded rates. Do you find this with your banks or does anyone have experience with BNZ on this matter?
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BNZ has sent me a bunch of weird letters, I think they have "Residential" and "Residential Investor" and another category maybe, could have been "Business" ?
I used to have a bank manager in Auckland I could ask these questions, then they changed that to another person, who then left, and then when I chased them, they gave me a "Business Centre" manager - in Christchurch LOL - whom I refuse to use.
Now I don't even know who to contact to find out how to get a Bank Manager I can actually go and see face to face.
Considering I have over 4 Million of property with them, you think they would want to work better with me.
At least you have someone to moan to.
And yep, welcome to the new world of surcharges, I think its just the start, when RBNZ brings in the new capital requirements, it will only get worse, in addition to credit rationing.
If you can bring a low LVR bargaining chip to the table you might be able to get .25 off to counter these surcharges.
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Originally posted by deechnz View PostNormal ASB "special rate" is 3.75%, not 3.55%.
I just fixed for 12 months at 3.55% today.
I am just a normal customer.
No big deal - I didn't have to speak to anyone to get it.
I guess you're not a customer?
However, with your attitude I'm not surprised you don't get offered goodies.
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