Home loan rates have been slashed again - with TSB offering a one-year home loan rate of 2.49 per cent.
The staggering low rate is believed to be a market record and puts it 0.06 per cent lower than all the other major banks.
TSB's two-year home loan rate will also sit at 2.65 per cent as of tomorrow - 0.04per cent lower than any of its major competitors.
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TSB general manager marketing and customer experience Justine St John said TSB's new one and two-year rates was the lowest ever offered by the bank and the best currently offered by the major banks.
"TSB is focused on supporting New Zealanders with consistent low lending rates at a time when Covid-19 continues to create economic uncertainty."