ANZ Bank reduces rates further from 1 January 2008

ANZ Bank in Fiji will reduce interest rates on its lending products from 1 January 2008. Rates reduce by 0.5%. The new rates are as follows :

• Residential Property Loans : 1 year fixed rate, 8.00%; Variable Rate, 10.00%;
• Investment Property Loans : 1 year fixed rate, 8.00%; Variable Rate, 10.00%;
• Personal Loans : Secured, 11.70%; Unsecured, 14.20%;
• Business Index Rate : 10.50%.

For more information, pls call the ANZ Bank branch near you.

Westpac Interest Rates (Updated 3.12.07)

Schedule of interest rates released by Westpac Fiji are as follows :

• Business Lending Rate - 10.49%;
• Residential Property Loan : Variable Rate - 10.25%, 1 year Fixed Rate - 8.50%;
• Investment Loan : Variable Rate - 10.25%, , 1 year Fixed Rate - 8.50%;
• Retail Term Deposits : 6 to less than 9 months - 1.25%, 9 months to less than 1 year - 1.75%, 1 year to less than 1.5 Years - 1.75%, 1.5 years to less than 2 Years - 1.75%, 2 years to less than 3 Years - 1.75%.

Interest rates are on a per annum basis and may be varied by the bank without prior notice.

Colonial National Bank Interest Rates (Updated 3.12.07)

Schedule of interest rates released by Colonial National Bank are as follows :

• Business Banking Base Rate - 10.20%;
• Residential Property Loan : Variable Rate - 10.50%, 1 Year Fixed Rate - 8.50%;
• Investment Loan : Variable Rate - 10.50%, 1 Year Fixed Rate - 8.50%;
• Retail Term Deposits : 9 months - 2.00%, 1 year - 2.00%, 1.5 Years - 2.00%, 2 Years - 2.00%, 3 Years - 2.00%.

Interest rates are on a per annum basis and may be varied by the bank without prior notice.