On Tuesday 20 May 2025, the Reserve Bank of Australia (RBA) announced a decrease of 0.25%p.a. to the official cash rate.
Following this, we have reviewed the interest rates applicable to our variable rate home loans and advise that the rates for existing mortgage holders will decrease by 0.25%p.a., effective from 1 June 2025.
Our variable savings rates will decrease by up to 0.30%p.a., effective from 26 May 2025. Whilst the Bonus Saver Account decrease will be effective from 1 June 2025.
Members can refer to their upcoming statements for information in relation to their loan product/s and any relevant repayment changes.
Whilst changes to the RBA cash rate is one of the factors that informs our pricing decisions, there are other factors that we consider such as economic and market conditions, cost to lend and the competitor landscape. This helps us to assess and to continue to offer competitive rates to our members.
If you would like further information on any of our products or services, please review the information on our website or contact us to see how we can help.
