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RBA Interest Rate Announcement

November 2, 2011 in Latest News, Rate Cuts by admin  |  No Comments

How much of the Rate Cut did your Bank pass on ???

The Reserve Bank of Australia announced today the Official Cash Rate will be reduced by 0.25% p.a. (25 bp).

This is the first official reduction in Interest Rates for more than 2 years and will be a great relief for the many Australians households who continue to be challenged by the current economic climate.

Two questions that need to be answered …

Question 1: Will my Bank pass on the full Interest Rate cut ???

Answer: Listed below is the updated list of the Banks / Lenders who have announced Interest Rate reductions.

Question 2: How can I make the most of the reduced Interest Rate ???

Answer: If your budget will allow … resist the urge to reduce your Home Loan repayments. Maintaining your repayments at their current level reduce your Home Loan debt faster & enable you to own your home sooner.


If your family would benefit more from having more money available to cover your other household expenses … a simple request will enable you to reduce your Home Loan repayments.

To know more or to discuss your individual circumstances & requirements please:

Contact us or phone David Pattemore (07) 5527 4744


Bank: Interest Rate Cut:

Westpac 0.25% p.a.

CBA 0.25% p.a.

ANZ 0.25% p.a.

St George 0.25% p.a.

NAB 0.20% p.a

Bank of Qld 0.25% p.a.

ING 0.25% p.a.

Macquarie 0.25% p.a.

BankWest 0.25% p.a.

Homeside 0.25% p.a.

Adelaide Bank 0.20% p.a.

AMP Bank 0.25% p.a.

Bank of Melbourne 0.25% p.a.

Bank of S.A. 0.25% p.a.

Citibank 0.25% p.a.


Please Note:

This information will continue to be updated as the Banks & Lenders announce their Interest Rate reductions.

Posted in Latest News, Rate Cuts.