Interest rate update

Following the RBA decision to reduce the official cash rate yesterday, we will be reviewing our interest rates. 

Bank of us has a standard process to respond to changes in the official cash rate – up or down – which includes a meeting of our pricing committee. 

The committee will consider several factors including balancing the interests of both our borrowers and depositors, and the Bank’s financial sustainability. 

We will make a public announcement about changes to our rates after the meeting which will be available on our website. 

We will also inform our customers of changes to their loans by mail.

Please call us on 1300 306 716 during business hours if you have further questions.