TSB cuts sharp one-year home loan rate to 4.39% p.a.

TSB is starting the year by dropping its one-year fixed home loan rate to 4.39% p.a., reinforcing the bank’s ongoing focus on helping customers manage household costs and feel more in control of their finances. 

TSB General Manager of Customer Delivery, Penny Burgess, says the start of a new year is when many people reassess their finances and look for practical ways to ease pressure. 

“A new year often brings a fresh look at budgets, goals and what really matters. With costs still weighing on many households, we want to give New Zealanders a clear, practical option that can help free up a bit of breathing room.”  

“By providing this one-year rate we’re backing our commitment to stand alongside customers and help make the numbers work for them,” says Burgess. 

As a 100% New Zealand-owned bank, TSB says supporting customers through changing economic conditions is central to its purpose. 

“We know every dollar counts. Offering this rate is one of the ways we can help people feel more confident about their financial decisions as they plan their year ahead,” says Burgess. 

TSB encourages homeowners to review their lending and consider whether switching banks could make a difference. 

“If you’re thinking about switching, our team help to make it simple and straightforward. We’ll guide you through the process and do the heavy lifting, so it’s as easy as possible.” 

Customers can find out more online, in-branch, or on the phone, and new customers can join TSB or find out how to switch here.  

Important information   

All interest rates are subject to change. Standard lending terms and conditions apply. A minimum deposit of 20% is required for home lending with a special interest rate. Residential loans with less than a 20% deposit are subject to availability of funds. An Early Repayment fee may apply on fixed rate loans. Different lending criteria applies for residential investment, business, commercial and rural loans.    

Our General Terms and more information is available at www.tsb.co.nz