*Post Updated 5 August 16
Following Tuesday’s RBA announcement of a drop to the official cash rate, the interest rate changes announced by the major lenders are as follows:
CBA will drop their interest rates by 13 basis points.
NAB has announced a decrease of 10 basis points.
ANZ will reduce interest rates by 12 basis points.
WPAC has announced they will be reducing their interest rates by 14 basis points.
St George have announced a rate reduction of 0.14 for loans with Principle & Interest repayments and 0.10 for loans where Interest Only repayments are made.
ING have also announced difference rate reductions depending on the type of loan you have. If you have an Orange Advantage variable home loan, the rate will reduce by 0.12%p.a. For all other variable loans, the rate will reduce by 0.10%p.a.
If you’re unsure about your new rate, or want to check you’re not paying more than you need to, we’re here to help.
