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B3 Retail interest rates on lending and deposits


                     
Business interest rates (% pa)   Retail interest rates (% pa)
  Business lending rate 1 SME overdraft rate 2   Floating first mortgage new customer housing rate 2 Six month term deposit rate 2
Previous Years:                  
Apr 2010 5.84   9.83     5.91   4.39  
Apr 2011 6.22   10.04     5.90   4.37  
Monthly:                  
May 2011 6.12   10.04     5.90   4.22  
Jun 2011 6.16   10.02     5.90   4.21  
Jul 2011 6.13   10.02     5.90   4.21  
Aug 2011 6.21   10.03     5.90   4.20  
Sep 2011 6.34   10.04     5.90   4.14  
Oct 2011 6.30   10.01     5.90   4.23  
Nov 2011 6.18   10.02     5.90   4.05  
Dec 2011 6.09   10.08     5.90   4.05  
Jan 2012 6.09   10.07     5.90   4.15  
Feb 2012 6.08   10.09     5.90   4.18  
Mar 2012 6.04   10.08     5.90   4.38  
Apr 2012 ..   10.10     5.90   4.27  
                     
                     
1 This rate is not surveyed directly, but calculated using other data. See series description for further details.
2 Interest rates shown are weighted average rates.
                     
Last updated 04 May 2012
Source: Reserve Bank of New Zealand