Following the decision of the Reserve Bank of Australia (RBA) on 7 February 2023 to increase the official cash rate, we have reviewed our lending and deposit interest rates.
What rates are changing?
Home loan rates
Effective 21 February 2023, all variable home loan rates will be increasing.
Some fixed home loan rates for new customers will be increasing effective 21 February 2023.
Business loan rates
Effective 21 February 2023, all variable business loan rates will increase.
What this means for you:
For our customers with variable rate loans, you will receive a letter shortly detailing your new interest rate and minimum monthly repayment.
Business account rates
Effective 22 February 2023, some Savings account rates will increase.
|Farm Management Deposit||$1,000 – $800,000||3.25% pa to 4.00% pa|
Term Deposit rates
Effective 22 February 2023, some Term Deposit rates will change for new customers.
|Interest annually or on maturity|
|Term||$1,000 – $4,999||$5,000+|
|36 months||Unchanged at 0.15% pa||Unchanged at 4.00% pa|
|24 months||Unchanged at 0.15% pa||3.85% pa to 4.00% pa|
|12 months||Unchanged at 0.15% pa||3.75% pa to 4.00% pa|
|9 months||Unchanged at 0.10% pa||2.55% pa to 2.75% pa|
|6 months||Unchanged at 0.10% pa||2.00% pa to 2.25% pa|
|3 months||Unchanged at 0.05% pa||1.30% pa to 1.75% pa|
|Regular income (interest paid every 28 days)|
|36 months||Unchanged at 3.90% pa|
|24 months||3.75% pa to 3.90% pa|
|12 months||3.55% pa to 3.90% pa|
|6 months||1.90% pa to 2.15% pa|
More information and support
You may have questions about the changes, so we have answered some of the more commonly asked questions here.
If you are experiencing financial difficulties, or anticipate that you may, the best thing you can do is speak to us as soon as possible. Please call us on 1300 004 863 or email customercare@