Mortgage Squeeze: Kiwibank Joins Major Lenders in Raising Home Loan Rates

Kiwibank raises fixed-term mortgage rates as inflation remains steady at 3.1%, following a similar move by Westpac amid growing global fuel and price pressures.

By: AXL Media

Published: Apr 21, 2026, 6:35 AM EDT

Source: RNZ Pacific

The Breaking Development: Kiwibank’s New Rate Schedule

Kiwibank announced increases across almost all its fixed-term "special" rates, effective immediately.

New Kiwibank Special Rates:

1-Year: 4.65% (up from 4.59%)

2-Year: 5.29% (up from 5.09%)

3-Year: 5.55% (up from 5.45%)