ANZ Increases Mortgage Rates, Raises Interest Rates on Term Deposits

ANZ has increased rates on its long-term fixed mortgage rates, with the two-year rate rising 20 basis points to 5.49%, the three-year rate up 10 basis points, the four-year rate up 20 basis points, and the five-year rate up 30 basis points. The bank has also increased interest rates on Pie funds and term deposits.