Good afternoon

Your Kea Bank mortgage is at 5.59% p.a. while the lowest comparable advertised rate is 4.79% p.a. (Moa Mutual Special 24-month). Moving to that rate could save an estimated $7,582.96 NZD in interest over the next 12 months.

Estimated value (NZD, next 12 months) = first-year interest at 5.59% p.a. minus first-year interest at 4.79% p.a. on $950,000 over 300 months of fortnightly repayments, from full amortization schedules — not balance × rate difference

• These figures are estimates under the stated assumptions, not guarantees or financial advice
• Advertised rates only — your eligibility, break fees and lender criteria have not been assessed

• Market rates as at 2026-08-01
• Comparable: Moa Mutual Special 24-month at 4.79% p.a. — the lowest advertised special/standard rate across 12- and 24-month fixed terms, the most commonly refixed terms
• Your Kea Bank mortgage: 5.59% p.a. on a balance of $950,000

• Compare current fixed rates across lenders
• Ask your lender about break fees before switching or refixing early

Your cash holdings of $55,000 NZD are $25,000 NZD above your emergency fund target. That excess is not a saving, but it is worth reviewing whether it could be working harder.

Excess (NZD, current balance) = cash $55,000 minus emergency fund target $30,000 = $25,000; flagged only once cash exceeds the target by more than 20%

• These figures are estimates under the stated assumptions, not guarantees or financial advice
• Estimated value is the current excess over your emergency fund target (NZD), not a projected gain or saving

• Your cash total: $55,000
• Your emergency fund target: $30,000

• Review whether the excess could work harder — for example against debt or in investments