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How much of the Rate Cut did your Bank pass on ???
Tuesday 1st November
The Reserve Bank of Australia announced today the Official Cash Rate will be reduced by 0.25% p.a. (25 bp).
This is the first official reduction in Interest Rates for more than 2 years and will be a great relief for the many Australians households who continue to be challenged by the current economic climate.
Two questions that need to be answered ...
Question 1:
Will my Bank pass on the full Interest Rate cut ???
Answer:
Listed below is the updated list of the Banks / Lenders who have announced Interest Rate reductions.
Question 2.
How can I make the most of the reduced Interest Rate ???
Answer:
If your budget will allow ... resist the urge to reduce your Home Loan repayments. Maintaining your repayments at their current level reduce your Home Loan debt faster & enable you to own your home sooner.
or
If your family would benefit more from having more money available to cover your other household expenses ... a simple request will enable you to reduce your Home Loan repayments.
To know more or to discuss your individual circumstances & requirements please:
Click on " CONTACT US "
or
Phone David Pattemore (07) 5527 4744
Bank: Interest Rate Cut:
Westpac 0.25% p.a.
CBA 0.25% p.a.
ANZ 0.25% p.a.
St George 0.25% p.a.
NAB 0.20% p.a
Bank of Qld 0.25% p.a.
ING 0.25% p.a.
Macquarie 0.25% p.a.
BankWest 0.25% p.a.
Homeside 0.25% p.a.
Adelaide Bank 0.20% p.a.
AMP Bank 0.25% p.a.
Bank of Melbourne 0.25% p.a.
Bank of S.A. 0.25% p.a.
Citibank 0.25% p.a.
Please Note:
This information will continue to be updated as the Banks & Lenders announce their Interest Rate reductions.
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