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How have the lenders responded to the RBA March 20 cash rate cut?

Following the RBA’s cash rate cut in March, here’s a summary of the lending cuts as of 4:00pm AEST 4 March, 2020.

 

CBA rate changes (effective 24 March):

– Rate cut: 25 basis points
– Applies to: All variable rate loans (new, existing, owner-occupied & investor)

BankWest rate changes (effective 18 March):
– Rate cut: 25 basis points
– Applies to: All variable rate loans (new, existing, owner-occupied & investor)

NAB rate changes (effective 13 March):
– Rate cut: 25 basis points
– Applies to: All variable rate loans (new, existing, owner-occupied & investor)

ANZ rate changes (effective 13 March):
– Rate cut to all Owner Occupied loans (P&I and I/O), and Investor P&I loans: 25 basis points
– Rates cut to Investor I/O loans: 35 basis points

WPAC rate changes (effective 17 March):
– Rate cut: 25 basis points
– Applies to: All variable rate loans (new, existing, owner-occupied & investor)

St George rate changes (effective 17 March):
– Rate cut: 25 basis points
– Applies to: All variable rate loans (new, existing, owner-occupied & investor)

Macquarie rate changes (effective 19 March):
– Rate cut: 25 basis points
– Applies to: All variable rate loans (new, existing, owner-occupied & investor)

Suncorp rate changes (effective 20 March):
– Rates on variable home loan rates will drop by 0.25.

ING rate changes (effective 20 March):
– Rates on variable home loan rates will drop by 0.25.

ME rate changes (effective 26 March):
– Rates on existing variable home loan rates will drop by 0.25.

AMP rate changes – pending* 

 

*We’ll update this post as more information comes to hand.

 

 

 

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