The country's largest bank will again drop its fixed home loan and term deposit rates.
The ANZ changes will be effective from tomorrow.
The standard rate for a one-year fixed-term home loan would be reduced by 10 basis points to 6.95% per annum. The special rate would be 6.35%.
The standard rate for a six-month fixed-term home loan would be reduced by four basis points to 7.45% per annum. The special rate would be 6.85%.
Meanwhile, term deposit rates for periods longer than 180 days would be cut between 10 and 15 basis points. There is a minimum investment of $10,000.
Special rates are available to customers with a minimum of 20% equity and an ANZ transaction account with salary direct credited.
An ANZ spokesperson said a range of factors are considered when reviewing rates, including the official cash rate, wholesale rates, and the need to balance the interests of borrowers and savers.
"In response to recent decreases in wholesale swap rates, ANZ has also decreased some term deposit rates.
"Since our rates started to drop in March this year we’ve taken a balanced approach to both lending and saving interest rate movements, with changes in each area very similar.
"Interest rates will continue to be reviewed in response to international and local market conditions."
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