Along with NAB, ANZ Bank have announced that they will be increasing their variable interest rates by 0.18% effective 20th November 2015. Following Westpacs, NAB and Commonwealth Banks move to increase variable interest rates they too cited that they are partially offsetting costs associated with recent changes to capital requirements. All four banks have decided Read More
NAB have announced that they will be increasing their variable interest rates by 0.17% effective 12th November 2015. Following Westpacs and Commonwealth Banks move to increase variable interest rates they too cited that they are partially offsetting costs associated with recent changes to capital requirements. We also expect ANZ to follow in the coming days. Read More
Similarly to Commonwealth Bank, the NAB announced today that they will pass on part of the variable rate cut by 0.20% for May 2015 The new variable interest rate reduction will be passed onto consumers on the 13th May and applies to most of their home loan and investment loan variable rate products. To see how other Read More
ANZ announced today that they will pass on the full variable rate cut of 0.25% for May 2015 after the RBA’s decision to reduce interest rates by 0.25%. Obviously, the funding pressures are not as relevant as the Commonwealth Bank’s announcement to only pass on 0.20% of the interest rate cut. The new variable interest Read More
The Reserve Bank of Australia (RBA) announced that it will move the official cash rate from 2.25% to a new record low of 2%. In a close call among economists, the RBA drop rates to stimulate the Australian economy and to put downward pressure on the Australian dollar. It is expected that Australia’s home loan Read More
BREAKING NEWS:
ANZ for the last 2 years have broken their Friday interest rate review protocol and announced that they will reduce their variable interest rates by 0.25% effective February 12th
NAB also reduced rates today by 0.25%
Westpac slashes beyond rate cut by 0.28% effective 20th February 2015. RAMS, St George and Bank of Melbourne may do the same.UPDATE: Commonwealth Bank first major to reduce their standard variable rate by 0.25%, effective 20th February 2015
The RBA announced this afternoon they have reduced the official cash rate by 0.25%.
It has been 18 months since interest rate have moved and they are the lowest in 60 years.
We expect that lenders will announce their response over the coming days and we will keep you updated below.
If you have any questions feel free to contact us.
Below shows how much each lender passes on their home loan rates. Interest rates will be updated on our main website once each lender passes on the reduction. Read More
