Interest Rate Changes
Friday, 5 July 2019
Interest rates changes are often a difficult decision where we need to balance the interests of borrowers, depositors and the financial security of the Bank.
In response to the RBA rate cut this week, we have reviewed our rates and will be making the following changes effective from Tuesday, 16 July 2019:
- a 0.15% decrease to all existing and new variable rate home loans; and
- a 0.25% decrease to variable rate deposits.
To assist some of our self-funded retirees we will not be reducing deposit rates on our Retirement Savings Account.