The Official Cash Rate will remain at 0.25 percent - for now.
From Tuesday, TSB Bank will offer a one-year fixed interest rate of 2.49 percent.
Leading economists don't expect the OCR to drop on Wednesday.
Experts weigh-in on whether another cash rate drop is likely.
The rate drops will save over 35,000 customers $20 million.
Record-low rates mean cost-savings for borrowers: could they go lower?
Home buyers - and homeowners coming off fixed rates - with have a little extra cash.
The Reserve Bank announces 'no change' to the Official Cash Rate