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