The RBA has now cut interest rates for the second time this year.
Find out if and when your lender is passing on the latest cut with the below summary of announcements…
ANZ interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 30 May
Bank Australia interest rate cut
- Rate cut: 25 basis points
- Announcement date: 21 May
- Effective date: 2 June
Bank of Melbourne interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 3 June
Bankwest interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 30 May
CBA interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 30 May
Firstmac interest rate cut
- Rate cut: 25 basis points
- Announcement date: 22 May
- Effective date: 3 June
ING Bank interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 3 June
Macquarie Bank interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 23 May
NAB interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 30 May
Resimac Bank interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 11 June
Suncorp Bank interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 30 May
Ubank interest rate cut
- Rate cut: 25 basis points
- Applies to: Neat and Flex standard variable rate home loans
- Announcement date: 21 May
- Effective date: 29 May
Westpac interest rate cut
- Rate cut: 25 basis points
- Announcement date: 20 May
- Effective date: 3 June
To learn more or to discuss your personal strategy please schedule a call or Zoom with Dan or Ian.
