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UPDATES
Following the decision of the Reserve Bank of Australia (RBA) on 3 May 2022 to increase the official cash rate, we will be increasing our Term Deposit, variable home loan and business loan rates.
What rates are changing?
Home loan rates
Effective 25 May 2022, all variable home loan rates will increase by 0.25% per annum for new and existing customers.
Business loan rates
Effective 25 May 2022, all variable business loan rates will increase by 0.25% per annum for new and existing business customers.
Term Deposit rates
Effective 18 May 2022, Term Deposit rates will increase as per the tables below for new and existing customers.
| Interest annually or on maturity | ||
| Term |
$1,000 – $4,999 |
$5,000+ |
| 36 months |
Unchanged at 0.15% pa |
0.55% pa to 0.80% pa |
| 24 months |
Unchanged at 0.15% pa |
0.45% pa to 0.70% pa |
| 12 months |
Unchanged at 0.15% pa |
0.35% pa to 0.60% pa |
| 9 months | Unchanged at 0.10% pa | 0.25% pa to 0.50% pa |
| 6 months | Unchanged at 0.10% pa | 0.25% pa to 0.35% pa |
| 3 months | Unchanged at 0.05% pa | 0.15% pa to 0.20% pa |
| Regular income (interest paid every 28 days | |
| Term |
$5,000+ |
| 36 months |
0.45% pa to 0.70% pa |
| 24 months |
0.35% pa to 0.60% pa |
| 12 months |
0.25% pa to 0.50% pa |
| 6 months | 0.15% pa to 0.25% pa |
What this means for you
For our customers with variable rate home loans, you will receive a letter shortly detailing your new interest rate and minimum monthly repayment.
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@