URGENT: Rates on term deposits changing try to fix if your bank hasn't already dropped its rates, but maybe too late for some banks

Kiwibank offering 8.2% over 6months on term deposit likely to change soon as most of other banks already changed such as ASB & BNZ etc.

Happened as rates dropped by 0.50% by reserve bank last week. Good news for mortgage rates as they're likely to drop soon but bad for savers!

Wait to see what happens with mortgage rates but try to cap term deposits if they haven't dropped yet