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CBA increases Rates by 0.45% p.a.

November 3, 2010 in Latest News by admin  |  No Comments

Record Profits


The CBA announced yesterday (2/11/2010) that it would be slugging customers an extra 0.45% p.a. on their Home Loan Variable Interest Rates.

This increase is almost double the 0.25% p.a. increase announced by the Reserve Bank and is a slap in the face for loyal CBA clients who have already contributed to the bank’s massive $6.1 Billion Annual Profit.

The amazing thing is that there are Smaller Banks, Building Societies, Credit Unions etc who are offering lower interest rates than the CBA.

If you know of someone who is sick and tired of having to pay more than they need to please feel free to click on “CONTACT US” and I will be more than happy to help.  

The other Major Banks are yet to confirm if they will follow the lead of the CBA.

David Pattemore

Your Personal Mortgage Specialist

Posted in Latest News.