Four lenders drop rates

Four lenders drop rates

MPA Lender Update is your same-day product information service, bringing together updates from all lenders

RATES
AMP Bank reduces interest rates across all variable rate home loans by 10bps, effective 22 August 2016.

The AMP Essential Home Loan for owner occupied loans will be reduced to 3.98% p.a. (comparison rate 4.00% p.a.). 

The AMP Professional Pack Home Loan for owner occupied loans of $750,000 and above will be reduced to 3.85% p.a. (comparison rate 4.22% p.a.). 

MyState Bank and The Rock cuts variable home loan rates by 10bps effective 30 August 2016, reducing MyState’s Special Residential and The Rock’s Essentials Home Loan to 3.89% for loans with a property value less than or equal to 80%.
 
CUA lowers standard variable interest rates for owner occupiers and investors by 0.12% p.a. effective 18 August

Interest rates will also be reduced across CUA’s range of other variable home loan offers for new and existing members, while the CUA Rate Breaker package rate will fall by 0.12% p.a. effective 16 August 2016.

QBANK reduces variable rates by 0.15%pa for investor and owner occupiers, effective 19 August 2016.
- 1 year term deposit rate increased by 0.10% to 2.95% per annum; 
- 2 year term deposit rates increased by 0.10% to 3.10% per annum.

PRODUCT
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POLICY
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COMMISSIONS
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