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Monthly Archives: May 2013

Banks Drop Rates – How Much & When ?

May 9, 2013 in Insider Tips, Latest News, Rate Cuts

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Want To Know …

How much of the latest RBA Interest Rate cut your Bank will pass on ???

and

When will your Home Loan rate be reduced ???

Bank

Rate Cut

Effective Date

Adelaide Bank

0.25%  p.a.

May  27th
AMP

0.25%   p.a.

May   27th

ANZ

0.27% p.a.

May  27th
Bank of Melbourne

0.25% p.a.

May   17th

Bank of Queensland

0.25% p.a.

May   24th

BankWest

0.25% p.a.

May   20th

Bendigo

0.25%  p.a.

May  27th

Citibank

0.25%  p.a.

May  20th
Commonwealth

0.25% p.a.

May   13th

Heritage

0.25%  p.a.

May   16th

Homeside

0.25% p.a.

May   13th

ING

0.25% p.a.

May   17th

Macquarie

0.25% p.a.

May   20th

Me Bank (Members Equity)

0.25% p.a.

May   28th

RAMS

0.25% p.a.

May   13th

NAB

0.25% p.a.

May   13th

St George

0.25% p.a.

May   20th

Suncorp

0.25% p.a.

May   24th

The Rock Building  Society

0.25%  p.a.

 May   24th
Westpac

0.25% p.a.

May   20th

RBA CUTS RATES TO 2.75%

May 7, 2013 in Insider Tips, Latest News, Rate Cuts

 

Cutting Interest RatesThe Official Cash Rate has hit a record low 2.75% following the Reserve Bank’s decision to cut rates by a further 25 basis point in May 2013.

This decision is welcomed by Senior Economists & Business Leaders who have encouraged the RBA to assist the sectors within the Australian Economy which continue to struggle.

Borrowers will be able to celebrate further once their Banks confirm HOW MUCH of the rate cut they will pass on to customers and HOW FAST this will occur.