Interest Rates increased by 0.25% p.a.
Interest Rates increased by 0.25% p.a.

2nd March 2010

The Reserve Bank of Australia announced today that the official cash rate will be increased by 0.25% to 4.00%.

Borrowers around Australia are anxious to to receive news from their own Banks / Lenders to confirm if their Interest Rate increase will be restricted to 0.25% p.a., or will the profit taking tendencies of the past prove to be too tempting for the Banks.

Given that Smaller Banks, Building Societies, Credit Unions and Mortgage Managers are once again creating greater competition in the market place for the Major Banks, it would be a brave move indeed for the “Big 4” to take on the patience of their own customers.

Listed below are the Interest Rate changes which have been advised by Banks / Lenders following the RBA announcement. 

Bank / Lender:

CBA - 0.25% p.a. increase effective 5/3/2010

ANZ - 0.25% p.a. increase effective 5/3/2010

St George - 0.25% p.a. increase effective 5/3/2010

NAB - 0.25% p.a. increase effective 5/3/2010

Westpac - 0.25% p.a. increase effective 5/3/2010

Macquarie Bank - 0.25% p.a. increase effective 5/3/2010

BankWest - 0.25% p.a. increase effective 5/3/2010 

 

....  .Gold Coast Mortgage Broker, Gold Coast Home Loan, Gold Coast Finance Broker, Mortgage Broker Nerang, Local Mortgage Broker, Local Mortgage Specialist, Home Loan Specialist   .  

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