Banks are busting out some new moves, other than the standard 25 point floating increase one. Westpac has removed its two-year special of 5.95% and decreased its stard two-year rate 30 points to 6.19%. It has also rolled out a four year special of 6.95%.
BNZ's move is a take on the old standard. Instead of 25 basis point increases to floating rates its gone for 15 point rises to most of its floating products.
Meanwhile TSB made changes acress its card yesterday and The Co-Operative Bank did the old floating rate move as well as increasing its six and one-year fixed rates while dropping its five-year rate to 6.99% Nice move.
