Rates Announcement – 28 February

Following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate by 0.25% to 3.35% on February 7th, we have been reviewing the balance between passing on the interest rate rise to our borrowers, term deposit holders, and members with savings accounts.

Home Loans:
Effective 28 February 2023 we have increased the interest rates for new variable home loan borrowers by 0.25%.

Effective March 1, we will be increasing the interest rate for existing home loan borrowers by 0.25%, affecting repayments on or after the 1st April.

Personal Loans
Effective March 1, we will be increasing the interest rate for existing variable personal loan borrowers by 0.25%, affecting repayments on or after the 1st April.