Login
ISCOVER
Teachers Mutual Bank has announced a number of rate reductions for some of its home loan products.
The bank’s three-year fixed rate for owner occupiers has seen the biggest reduction – down 29 basis points to 3.99 per cent (with a comparison rate of 5.13 per cent).
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
Teachers Mutual’s five-year fixed rate has been cut by 23 basis points to 4.34 per cent (with a comparison rate of 5.05 per cent); its three-year fixed rate has been reduced by 20 basis points to 3.99 per cent (with a comparison rate of 5.25 per cent); and its one-year fixed rate has been reduced by 16 basis points to 3.99 per cent (with a comparison rate of 5.39 per cent).
The smallest reduction was applied to the bank’s four-year fixed rate – down 15 basis points to 4.34 per cent (with a comparison rate of 5.13 per cent).
