October Interest Rates Down 0.25% – ANZ, Westpac, NAB, CBA, ING, Suncorp

Update 12th October 2012: ANZ announces a 0.20% drop in their variable rate 0.05% short of the full rate decrease

Rates announces by AMP, Bank West, Bank of Melbourne and Bendigo Bank. Adelaide bank will not pass on the rate cut until the 26th October making their customers pay the higher interest rate for 24 days after the rate cut was announced.

Friday 5th October NAB and Commonwealth Bank ( CBA ) announced that they will drop variable interest rates by 0.20%. Westpac are only dropping their rates by 0.18%. We are still waiting on ANZ and many other lenders make their decision.

Thursday 4th October ING reduces rates by the full 0.25%

Tuesday BOQ reduces rates by 0.20%

Current Bank Interest Rates Rate Cut
Adelaide Bank/ Bendigo Bank -0.20%
AMP -0.17%
ANZ -0.20%
Bank of Melbourne -0.20%
Bank of Queensland -0.20%
BankWest -0.19%
Citibank No Decision Yet
Commonwealth Bank -0.20%
Homeside Lending -0.20%
ING Direct Bank -0.25%
Member equity bank ( ME) -0.20%
RAMS No Decision Yet
NAB -0.20%
St George Bank -0.17%
Suncorp Bank -0.19%
Westpac -0.18%

If you need help with refinancing or for a new purchase please contact one of our mortgage consultants to assess which lenders suit your needs

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