{
  "id": 103826,
  "title": "ANZ to increase interest rates on some fixed home loans, term deposits",
  "url": "https://urgent.news/2026/08/03/anz-to-increase-interest-rates-on-some-fixed-home-loans-term-deposits",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-03T22:37:28.000Z",
  "source": {
    "name": "RNZ Business",
    "slug": "rnz-business",
    "url": "https://www.rnz.co.nz/news/business/878251/anz-to-increase-interest-rates-on-some-fixed-home-loans-term-deposits"
  },
  "original_language": "en",
  "account": "ANZ, a major bank, has announced plans to raise interest rates on certain fixed home loans and term deposits. The bank's managing director for personal banking, Grant Knuckey, attributed the increase to a broad rise in global wholesale interest rates, driven by ongoing uncertainty. Swap rates have climbed from just over 3% at the beginning of July to 3.43% and from 3.36% to 3.7% over the same period.\n\nKnuckey explained that when global uncertainty pushes up funding costs, lending interest rates, including home loans, also increase. He added that ANZ aims to strike a balance between borrowers' and depositors' needs while ensuring that interest rates reflect market funding costs.\n\nFor term deposits, ANZ will increase rates by up to 30 basis points for terms extending up to two years. This includes a 3.55% rate for a six-month term, a 4.2% rate for an 18-month term, and a 4.3% rate for a two-year term.\n\nFixed home loan rates will see an increase ranging from 10 to 26 basis points across various terms. For instance, a six-month loan will rise by 10 basis points to 4.79%, a one-year loan by 20 basis points to 4.99%, an 18-month loan by 26 basis points to 5.45%, a two-year loan by 20 basis points to 5.49%, and a three-year loan by 10 basis points to 5.59%.\n\nAccording to recent insights from ANZ economists, a one-year fixed home loan might currently be cheaper than a two-year fix. The bank holds a significant portion of home loan customers who are ahead by at least six months on their repayments.",
  "summary": "ANZ says it will increase a number of its fixed home loan and term deposit interest rates.",
  "key_points": [
    "ANZ raises interest rates on fixed home loans and term deposits.",
    "Global wholesale rates driven by ongoing uncertainty.",
    "Term deposit rates increase up to 30 basis points."
  ],
  "editors_take": "ANZ's interest rate hikes on fixed home loans and term deposits reflect its effort to balance borrower and depositor needs while passing on higher global funding costs.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}