Compare NZ bank mortgage rates & fees.
Every major New Zealand bank’s home-loan rates in one place - pulled from a live feed and refreshed automatically - plus the everyday fees that quietly add up. Find the cheapest option and keep more of your money.
Mortgage rates, every major bank last known
Carded home-loan rates across all standard fixed terms and floating. Tap a term heading to sort by it. These are advertised rates - your negotiated rate may be lower.
| Loading live rates… |
Rates are the lowest mainstream carded rate we see per bank per term (promotional, first-home-only and specialist products excluded). Source: ratesapi.nz, refreshed hourly.
What would each bank cost you?
Put in your loan and term and see the estimated repayment at every bank’s current rate - cheapest first. The numbers update the moment the rates do.
The fees that quietly add up
Good news first: none of the major banks charge a monthly fee on their everyday accounts anymore. Where they still differ is the overseas card fee - the margin added to every foreign-currency purchase when you shop online offshore or travel. ANZ leads at 1.30%; others charge up to 2.50% on the same spend.
| Bank | Monthly account fee | Overseas card fee (FX margin) |
|---|
Overseas card fees confirmed from each bank’s published fee schedules and MoneyHub, July 2026 (Co-operative & SBS indicative). Everyday-account monthly fees are $0 across the majors; premium accounts and some manual/staff-assisted transactions still carry fees. Always confirm current fees on each bank’s fee page below.
Never miss a rate cut
When the banks move their carded mortgage rates, we’ll email you - so you know the moment it’s worth refixing or switching. One tidy email, no spam, unsubscribe any time.
General information only, not financial advice. We’ll email rate updates and occasional related offers. Unsubscribe any time.
Live where it matters, honest where it doesn’t
Rates move constantly, so we automate them. Fees move rarely, so we review them by hand. Here’s exactly how.
Rates: automatic & hourly
Carded rates come from a live New Zealand rates feed that refreshes every hour. Our server caches the latest copy and shows you when it was last confirmed - so what you see is genuinely current, not a stale snapshot.
Always-on fallback
If the live feed ever hiccups, the site keeps serving the last good rates and flags them as “last known” rather than showing nothing or breaking. You always get real numbers with an honest timestamp.
Fees: reviewed by hand
Account and card fees rarely change and aren’t in any live feed, so we review them periodically, date-stamp them, and link straight to each bank’s official fee page so you can verify.
Good to know
How often do the rates update?
Are these the rates I’ll actually get?
Why do you exclude some products?
Do you charge me or sell my details?
Is this financial advice?
How to compare NZ mortgage rates
A plain-English guide to comparing home loan rates across New Zealand’s banks and choosing the right one.
Fixed vs floating rates
Most New Zealanders fix part or all of their mortgage because fixed rates are usually lower than floating. Floating gives flexibility (extra repayments, no break fees); fixing gives certainty. Many people split their home loan across several terms. Compare both, live, in the table above before you decide.
Carded rate vs your actual rate
The rates here are advertised “carded” mortgage rates from ANZ, ASB, BNZ, Westpac, Kiwibank, TSB, Co-operative Bank, SBS and Heartland. With 20%+ equity, or through a mortgage adviser, you can often negotiate below carded pricing - so treat this comparison as your benchmark, then push for a better deal.
When it pays to refix or switch banks
When a fixed term ends - or when rates drop - it pays to re-compare every NZ bank, not just refix on autopilot with your current one. On a $600,000 loan, even a 0.30% difference is roughly $1,800 a year. Our free rate-drop alerts tell you the moment the market moves.
Don’t forget the bank fees
The headline rate isn’t the whole cost of banking. Every major NZ bank now charges $0 monthly account fees, but overseas card fees still range from 1.30% (ANZ) to 2.50% - which adds up if you shop offshore or travel. Check the fee comparison above.