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%