Rates Announcement – 23 March

Following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate by 0.25% to 3.60% on March 7th, we have been reviewing the balance between passing on the interest rate rise to our borrowers as well as our deposit holders.

Variable Home Loans:

Effective 23rd March 2023 ,we have increased the interest rates for new variable home loan borrowers by 0.25%.

Effective 1st April , we will be increasing the interest rate for existing home loan borrowers (both Owner Occupier and Investment) by 0.25%, affecting repayments from 1 May 2023.

Personal Loans

Effective March 23rd 2023, we have increased the variable interest rate for new personal loans by 0.25%.

Effective 1st April , we will be increasing the interest rate for existing variable personal loan borrowers by 0.25%, affecting repayments from 1 May 2023.

Term Deposits

Effective 23rd March 2023 , we have increased our 12 month Term Deposits, our I12 Term Deposit has increased to 4% p.a. and our I24 Term Deposit has increased to 3.95% p.a.