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ANZ Increase AND Decrease Interest Rates!!

February 10, 2012 in Latest News, Rate Cuts, Rate Rises by admin  |  Comments Off on ANZ Increase AND Decrease Interest Rates!!

10th February – ANZ Bank announced the following changes to Home Loan Interest Rates

1. A nominal increase of 0.06% p.a. to the Variable Interest Rate

2. A reduction of 0.15% p.a. in the 3 Year Fixed Interest Rate

Good News:

  1. If you currently receive a discount of 0.70% p.a. – 1.00% p.a. below the Standard Variable Interest Rate your new ANZ Interest Rate (6.36% p.a. – 6.66% p.a.) remains very competitive in the market.
  2. The new 3 Year Fixed Interest Rate (5.99% p.a.) is very competitive in the market.

Bad News:

Other “Big Banks” may take the opportunity to follow suit … Watch this Space !!!

What to do:

Please call David Pattemore on (07) 55274744 if you:

  1. Do not receive a discount of 0.70% p.a. – 1.00 p.a. off your Standard Variable Interest Rate
  2. Wish to consider switching part / all of your Home Loan to a Fixed Interest Rate
  3. Wish to consider refinancing to a different Bank / Lender
Posted in Latest News, Rate Cuts, Rate Rises.