Following the RBA’s recent cash rate reduction, Hume Bank will reduce interest rates by 0.20% on all standard variable and basic variable rate products, for all new and existing customers. Flexi Low Rate customers will receive a 0.10% reduction.
Interest rate changes for existing customers will be effective from July 1st.
Today’s decision to reduce interest rates follows a considered assessment process to ensure competitive and fair pricing, enabling Hume Bank to continue to support our communities and the interests of both borrowers and depositors.
Hume Bank remains a local, trusted bank. A bank owned by its customers, that exists to benefit them and their communities.