Story perspectives
Co-operative Bank Raises Mortgage Rates Amid Market Changes
12/12/2025
50 7
1 of 1
Story summary
- The Co-operative Bank has raised its two-year fixed mortgage rate from 4.99% to 5.29% and its three-year rate from 5.29% to 5.59%.
- The Co-operative Bank is cutting its six-month terms by 14 basis points.
- Term deposit rates will rise.
- Westpac has raised fixed mortgage rates by 30 basis points, citing wholesale rate influences.
- The Co-operative Bank will not offer discounts on most mortgage rates, except for six-month and floating rates.
