Border Bank has further reduced a range of interest rates in response to the Reserve Bank’s decision to lower the official Cash Rate. This change sees that Border Bank continues to offer rates lower than the Big 4 Banks, putting its Members at the core of their decision and making the Bank at the forefront of the lending market.
The full range of changes to the Bank’s rates for new business are available through this link and are effective from 14 October. For Members with existing loans, you will be notified in your next Member statement.
Alongside the reduction in rates, Border Bank has also announced that it will be introducing several new products to their lending range next month to meet the needs of its Members and offer flexibility in an ever evolving and complex market.
Andrew Rasby, Border Bank CEO, said “as a Member owned Bank, we are proud to offer our Members competitive rates which are lower than the Big 4 banks. It is important to us to ensure that our Members are the core of all of our decisions, and we are pleased that we have been able to pass on these rate cuts in a market which has already seen some very low rates”.
Members who would like further information on this rate change are encouraged to please contact your local Branch or call 132 267 8am to 6pm Monday to Friday.
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Border Bank interest rate is correct as at 14/10/19. Other Financial Institution information is correct as at 8/10/2019 for the examples shown and was obtained from publicly available information at mozo.com.au. Please note that Interest Rates and Comparison Rates are subject to change. To the extent permitted by law, we accept no responsibility for the accuracy of information, or any loss you or any person suffers due to relying on information provided.