Response to RBA rate change
We’re making changes to our lending interest rates for existing borrowers effective 12 March 2025.
Home, residential-investment and commercial loan variable interest rates will decrease by 25 basis points (0.25%p.a.).
A further announcement regarding interest rates for new lending will be made soon.
Customers will be notified of their new loan repayments by letter.
We’re also decreasing the interest rate on our savings products by up to 0.25% p.a., effective 1 March 2025.
Customers will be notified via email.
The decision to decrease interest rates is in response to the RBA decreasing the cash rate at its February meeting but we consider several factors including balancing the interests of both our borrowers and depositors and ensuring the Bank’s financial sustainability.
