Category: Interest Rates

interest-rates-05-04-2024

Rates announcement – 2nd January

We are increasing some  interest rates on two of our savings products effective January 1, 2024.

Bonus Saver – Bonus rates on our Bonus Saver account are going up by 0.25%, increasing the interest rate to 4.50% p.a.  (subject to eligibility criteria)

Saving Plus –The interest rates will increase in the $100,000-$249,000 tier of our Savings Plus product to 4.50% p.a.

Please visit our interest rate page to find out more. 

Information about the new rates is available here.

interest-rates-05-04-2024

Rates Announcement – 24 November

Following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate on all Variable rates by 0.25%, all Fixed Rates, Owner occupiers, Investment, P&I and IO by 0.30%, 0.40% and 0.80% before 24th of November.

What’s Changing:

For new borrowers: Effective 24th November 2023, we will increase the interest rates for new variable home loan borrowers by 0.25%.

For existing borrowers: Effective 1st of December we will be increasing the interest rate for existing home loan borrowers (both Owner Occupier, P&I and IO) by 0.25% affecting repayments from 1st January 2023.

1-year fixed rate increase by 0.30%

2-year fixed rate increase by 0.30%

3-year fixed rate increase by 0.40%

5-year fixed rate increase by 0.80%

Please visit our Home Loan page and interest rate page to find out more.

interest-rates-05-04-2024

Rates announcement – 17th October

We have exciting news to share regarding some Interest Rate changes to our First Home Loan Fixed Rate IO and P&I products. These changes will be effective on the 17th October 2023.

Please visit our Home Loan page and interest rate page to find out more.

Home Loan

  • Fixed Rate First Home Loans that are Owner Occupied and P&I
  • Fixed Rate First Home Loans that are Owner Occupied and IO

interest-rates-05-04-2024

Rates announcement – 22nd September

We have exciting news to share regarding an increase to our 6 Month Term Deposits.  These changes will be effective on the 22nd September 2023.

New Business:

  • Increase to 6-month Term Deposits by 0.25%
  • I10 was 3.70% now 3.95%
  • I23 was 3.75% now 4.00%

Information about the new rates is available here.

interest-rates-05-04-2024

Rates announcement – 25th August

After careful consideration we will be increasing 2, 5, 7, 9 Month Term Deposits.  These changes will be effective on the 25th August 2023.

New Business:

  • 2 months from 0.40% to 1.40% (increasing by 1.00%)
  • 5 months from 1.90% to 3.00% (increasing by 1.10%)
  • 7 months from 2.00% to 3.00% (increasing by 1.00%)
  • 9 months from 2.05% to 3.75% (increasing by 1.70%)

Information about the new rates is available here.

interest-rates-05-04-2024

Rates announcement – 9th August

 

Following the Reserve Bank of Australia’s (RBA) recent decision to not raise interest rates on August 1st, we will also not be raising interest rates for our borrowers as a result.

interest-rates-05-04-2024

Rates announcement – 28th July

After careful consideration we will be increasing the interest rates to our fixed rate Owner Occupier and Interest Only Home Loans.  These changes will be effective on the 28th July 2023.

New Business:

-Owner Occupier P&I and IO increasing all 2 year fixed rates by 0.10%

-Owner Occupier P&I and IO increasing all 3 year fixed rates by 0.20%

-Investor P&I and IO increasing 2 year fixed rates by 0.10%

-Investor P&I and IO increasing 3 year fixed rates by 0.20%

Information about the new rates is available here.