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Newsroom.co.nz
Newsroom.co.nz
National
Jonathan Milne

Small banks pass on mortgage rates while big banks ‘pad profits’

Smaller lenders like SBS Bank say they’re wooing customers away from the Australian-owned banks, offering mortgage rates as low as 3.99 percent while the big banks drag their feet. The Reserve Bank began cutting the official cash rate 15 months ago, but analysts say the big high street banks haven’t passed that all on to […]

The post Small banks pass on mortgage rates while big banks ‘pad profits’ appeared first on Newsroom.

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