Interest Rates Archives

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.

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 28^th 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.

Rates announcement – 10th July

We have some fantastic news for our term deposit members, we are increasing our 12 Month Term Deposit rates effective 10 July 2023 by 0.25% p.a. This rate increase will appeal to members who are looking for a higher interest rate and are comfortable locking their funds in an account for a fixed period of time.
Information about the new rates is available here.

Rates announcement – 28th June

We have news regarding some Interest Rate changes to our Home Loans, Personal Loans & Term Deposits. These changes will be effective on the 28^th June 2023

Increasing all Variable Home Loan and Personal Loans by 0.25% affecting repayments from 1st August 2023

Home Loan

–Increasing all Variable rates excluding First Home Loan by 0.25%

-Owner Occupier and Investor Fixed rate increase- 1 year 0.40%, 3 year 0.20%, 5 year 0.20%.

-First Home Loan variable rate increase to 5.59% (under 90% LVR) and 5.69% (over 90% LVR)

Personal Loan

-Increase to Unsecured Personal Loan to 9.99%

-Increase to Fixed Personal Loan to 12.99%

Information about the new rates is available here.

Rates announcement – 1st June

We would like to let you know that we have exciting news regarding some savings account rate increases to our Retirement Plus and Bonus Saver accounts. These savings account changes will be effective from the 1st June 2023.

Retirement Plus:

On the 1st June 2023 we will be increasing the rate by 0.30%. The total available rate for Retirement Plus holders will be 2.00%

Bonus Saver:

On the 1st June 2023 we will be increasing the rate by 0.25%. The bonus rate will remain as 0.05% making the total available rate for Bonus Saver holders will be 3.80%

Information about the new rates is available here.

Rates announcement – 19th May

We are increasing our 3, 6 & 12-month Term Deposits by 0.25% p.a. Effective 19th May 2023.
Information about the new rates is available here.

Rates announcement – 16th May

Following the Reserve Bank of Australia’s (RBA) May decision to raise the official cash rate by 0.25% p.a we have increased our variable home loan rates (excluding First Home Loans) by 0.25% p.a. effective on the 16th May 2023 for new business only.

For existing borrowers, effective 1 June 2023, we will be increasing all Variable home loans (Owner Occupied P&I and IO) and Personal Loans by 0.25% p.a. for existing home loan and personal loan borrowers, affecting repayments from 1 July 2023.

Rates Announcement – 4th May

We would like to let you know that we have some exciting news regarding the decrease of our variable & fixed home loan rates which are effective on the 4th of May.

Variable Home Loan Rates

Effective 4th May 2023, members that have a variable home loan account will see the below changes:

Decrease to the first home loan varaible rates for P&I and IO
This is applicable for both LVR 80-90% and LVR over 90%

First Home Loan Owner Occupier P&I

LVR 80-90% was 5.59% now 5.29%
LVR over 90% was 6.19% now 5.39%

First Home Loan Owner Occupier IO

LVR 80%-90% was 5.89% now 5.39%
LVR over 90% was 5.89% now 6.49%

Fixed Home Loan Rates

Effective 4th May 2023, members that have a fixed home loan account will see the below changes:

Decrease to 3 year fixed home loans by 0.25% for P&I only.

Rates Announcement – 1st May

We’re really pleased to let you know that we’re increasing the interest rates on our U30 Super Charge savings account.

U30 Super Charge

Effective 1st May 2023, members that own a U30 Super Charge savings account will see a 0.05% rate increase.

From 4.50%p.a to 5.00%p.a

Members can achieve this rate across a maximum of three sub-accounts and a total of $30,000 when they elect to have their salary deposited to any Police Bank Account. To be eligible for this account, you have to be aged between 18-29 years old.

Rates Announcement – 6th April

We’re really pleased to let you know that we’re increasing the interest rates on our Term Deposit accounts.

Term Deposit

Effective 6th April 2023, members that own a 3, 4 & 6 month Term Deposit account will see an increase to their rate.

We will be increasing the Term Deposit rate for our 3 & 6 month accounts by 0.25%.

Our 4 month Term Deposit accounts will be increasing by 1.60%.