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ANZ taking heat for fixed-rate increase
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ANZ has increased its two-year fixe interest rates, but is still offers lower rates than any big four bank. Photo: Shutterstock

ANZ taking heat for fixed-rate increase

ANZ is facing criticism for increasing its two-year fixed interest rates by 10 basis points, with a blowout in processing times resulting in many applicants not receiving the bank’s market-leading rate as advertised in late March.

Since March 20, ANZ had offered a two-year fixed rate of 2.19 per ce…

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