Better Choice > News & Updates > Uncatagorised > Rate reduction 2019 Snapshot

Rate reduction 2019 Snapshot

December 19, 2019

In the 2019 calendar year, the RBA reduced the cash rate three times, totalling 0.75%. How much did your lender pass onto you and reduce your home loan interest by?

 

Jun-19

Jul-19

Oct-19

TOTAL
 

 

 

 

 
CBA

0.25

0.19

0.13

0.57
NAB

0.25

0.19

0.15

0.59
ANZ

0.18

0.25

0.14

0.57
Westpac

0.20

0.20

0.15

0.55
St George

0.20

0.20

0.15

0.55
Macquarie

0.25

0.20

0.15

0.60
P&N Bank

0.18

0.18

0.16

0.52
Bankwest

0.25

0.19

0.13

0.57
ME Bank

0.25

0.15

0.15

0.55
ING

0.25

0.20

0.15

0.60
AMP

0.25

0.20

0.15

0.60
Suncorp

0.20

0.19

0.15

0.54
BOQ

0.25

0.15

0.10

0.50
Virgin

0.25

0.15

0.15

0.55
Resimac

0.25

0.20

0.15

0.60
CUA

0.25

0.20

0.13

0.58
Beyond Bank

0.25

0.17

0.14

0.56

Contact your Better Choice mortgage broker at www.betterchoice.net.au or bdm@betterchoice.net.au and get them to compare your home loan interest rate to what is on offer.

* Rate reductions relate to Principal and interest variable rate on owner occupied home loans.

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