The RBA has now cut interest rates for the third 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: 12 August
- Effective date: 22 August
Bank Australia interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 21 August
Bank of Melbourne interest rate cut
- Rate cut: 25 basis points
- Applies to: Variable-rate home loans
- Effective date: 26 August
Bankwest interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 22 August
CBA interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 22 August
Firstmac interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 26 August
ING Bank interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 26 August
Macquarie Bank interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 15 August
NAB interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 25 August
Resimac Bank interest rate cut
- Rate cut: 25 basis points
- Announcement date: 13 August
- Effective date: 28 August
Suncorp Bank interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 22 August
Ubank interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 21 August
Westpac interest rate cut
- Rate cut: 25 basis points
- Announcement date: 12 August
- Effective date: 26 August
To learn more or to discuss your personal strategy please schedule a call or Zoom with Dan, Ian or Yan.
