Melbourne Cup Day Interest Rates Stable at 1.50%
Nov 1, 2016
ANZ, Bank of Melbourne, Bank of Queensland, BankWest, Commercial Loan Interest rates, Fixed Rates, Home Loans, ING Direct, NAB, Suncorp, variable interest rate, Westpac
by Administrator
On Melbourne Cup day the Reserve Bank of Australia has today announced that it has decided to keep the cash rate on hold at 1.5%.
We expect that most lenders will leave their variable interest rates unchanged but we will continue to monitor lenders for rate changes outside the official rate. If there are any changes we will list them below.
| Current Bank Interest Rates | Rate Cut and Date |
| Adelaide Bank / Bendigo Bank | No Change Announced |
| AMP | No Change Announced |
| ANZ | No Change Announced |
| Bank of Melbourne | No Change Announced |
| Bank of Queensland | No Change Announced |
| BankWest | No Change Announced |
| Citibank | No Change Announced |
| Commonwealth Bank | No Change Announced |
| ING Direct Bank | No Change Announced |
| ME Bank | No Change Announced |
| Heritage Bank | No Change Announced |
| NAB | No Change Announced |
| St George Bank | No Change Announced |
| Suncorp Bank | No Change Announced |
| Westpac | No Change Announced |
If you have any questions about the announcement or interest rates, please feel free to contact us.
To view and compare current home loan and investment loans click the link below.
If you are looking for a commercial loan or looking for a better deal please visit our commercial loans website.
