Heritage Bank on Monday lowered its interest rates for Discount Variable loans and Standard Variable loans and introduced a decline in its comparison rates as well.

Interest rates for Discount Variable loans were down to 4.39% from 4.69%. The Standard Variable loan rate, meanwhile, is down from 4.99% to 4.69%.

New comparison rates for the bank’s one-year to five-years fixed rates are below:
Loan type Current comparison rate Previous comparison rate
1 Year Fixed 4.78% 5.05%
2 Years Fixed 4.81% 5.05%
3 Years Fixed 4.85% 5.07%
5 Years Fixed 4.92% 5.10%
Discount Variable 5.00% 5.04%
Standard Variable 5.71% 5.75%

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now