Commonwealth Bank Reduces Variable Interest Rates by 0.20%
The first major bank came out with their decision on interest rates, the Commonwealth Bank of Australia (CBA), have reduced their variable home loan and investment loan interest rates by 0.20%. This is less than the 0.25% recommended by the Reserve Bank of Australia.
The 0.20% interest rate reduction will take affect on the 13th May 2015. It applies to the following products.
- – Standard Variable Rate Home Loans
- – Veridian Line of Credit Loans
- – No fee variable rate loan
- – Base variable loan
To see how other lenders are responding and the dates they will reduce their rates – Lender interest rate reduction and date
Compare Commonwealth Bank Home Loans – rates will be updated by 13th May
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