BNZ has increased some of its fixed home loan rates, effective today, April 23, 2026. The bank raised its standard one-year rate by 0.06% to 4.65%, its standard 18-month rate by 0.06% to 4.85%, and its standard two-year rate by 0.20% to 5.09%.
The changes apply to new loans and may affect borrowers looking to lock in rates. BNZ did not comment on the reasons for the increase, but market analysts suggest it reflects rising wholesale funding costs.
Other major New Zealand banks, such as ANZ and Westpac, have also adjusted rates recently, though BNZ's move is the latest. Borrowers are advised to compare rates across lenders.
