Bank of New Zealand
Compare BNZ mortgage rates, products, and features. One of NZ's oldest banks with strong digital offerings.
Updated January 2026
| Term | Rate | vs Market |
|---|---|---|
| Floating | 8.34% | Standard |
| 6 months | 6.89% | Average |
| 1 year | 6.29% | Average |
| 2 years | 5.99% | Average |
| 3 years | 5.89% | Average |
| 5 years | 6.09% | Average |
Revolving credit facility - use your mortgage like an overdraft to reduce interest.
Make unlimited extra repayments on your floating rate portion.
Dedicated support, 10% deposit options, and First Home Grant assistance.
Easy online rate switching when your fixed term expires.
BNZ's current rates: 2-year fixed at 5.99%, 3-year fixed at 5.89%, floating at 8.34%. BNZ rates are typically in line with the major banks.
TotalMoney is BNZ's revolving credit facility that lets you use your mortgage like an overdraft. Your salary goes in and reduces your balance, lowering interest.
Yes, BNZ offers periodic cashback deals for new lending, typically ranging from $2,000-$4,000 depending on loan size and current promotions.
YouMoney is BNZ's account that helps you budget and save. While not directly mortgage-related, it integrates well with their home loan products.
See how BNZ rates stack up against ANZ, ASB, Westpac & Kiwibank
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