Rates, side by side
What the big banks charge right now.
A single view of the headline home-loan rates from New Zealand's major banks, across the terms that matter for first-home buyers. The best rate in each column is highlighted — always confirm with the bank before you act.
Three taps, no sign-up — see how your offer stacks up against advertised rates and other buyers.
| Bank | 6 months | 1 year | 18 months | 2 years | Floating | |
|---|---|---|---|---|---|---|
 | 4.79% +0.10 | 4.99% +0.20 | 5.29% +0.10 | 5.35% +0.06 | 6.29% +0.25 | Verify |
 | 4.79% +0.10 | 4.99% +0.244.76% · 1· Oct 2026 | 5.29% +0.20 | 5.45% +0.20 | 6.29% +0.25 | Verify |
 | 4.89% +0.20 | 5.19% +0.40 | 5.29% +0.20 | 5.35% +0.06 | 6.34% +0.25 | Verify |
 | 4.85% +0.20 | 5.15% +0.40 | — | 5.39% +0.20 | 6.25% +0.20 | Verify |
 | 4.89% +0.20 | 5.19% +0.20 | 5.45% +0.10 | 5.29% −0.16 | 6.39% +0.25 | Verify |
 | 4.89% +0.20 | 4.99% +0.20 | 5.45% +0.26 | 5.39% +0.14 | 6.29% +0.25 | Verify |
 | 4.85% +0.16 | 5.19% +0.40 | 5.29% +0.20 | 5.29% No change | 6.34% +0.25 | Verify |
 | 4.79% +0.10 | 5.09% +0.25 | 5.25% +0.06 | 5.39% No change | 5.69% +0.35 | Verify |
Advertised special rates are in black; the orange figure below each is the average rate real buyers were actually offered (with the number of submissions). Rates are indicative, averaged as of 20th October 2026, and assume at least 20% equity — click “Verify” for the live rate. This is information, not advice.
Rates in context
Where today's rates sit over 15 years
Today's average 2-year rate of 5.34% sits around the 15-year average of 5.16%. The floating rate now sits around its own 15-year average of 6.03%.
- Floating rate
- 2-year fixed
Historical data from the Reserve Bank of New Zealand (B20 & B30 series). Past rates are not a prediction of future rates. Data as at September 2026.
A quick read
How to use these numbers
Short vs long
Shorter fixed terms usually carry a lower rate right now — but you'll re-fix sooner and wear any rise.
Floating flexibility
Floating lets you repay lump sums freely, but starts higher and moves with the OCR.
Stack your tools
Drop the rate you're considering into the calculator and stress test to see how it really feels.