Suncorp Bank and Bank Australia drop rates

Suncorp Bank and Bank Australia drop rates

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

RATES
Bank Australia passes on the full 0.25% rate reduction on all existing owner-occupier variable home loans and will provide an updated interest rate schedule for new business on Friday August 5th.

Suncorp Bank reduces its standard variable home loan interest rate by 0.10% p.a for owner occupiers and investors, effective 24 August 2016.

Suncorp Bank will also reduce its small business variable interest rate by 0.15% p.a. and deliver a new 12-month term deposit offer of 3.00% p.a, up from 2.75% p.a for deposits >$100k. The Bank is also offering a 2 year Term Deposit rate at 3.10%.

PRODUCT
No changes today

POLICY
No changes today

COMMISSIONS
No changes today


Catch up on this week's news:
All majors and a non-major drop rates
FBAA urges banks to pass on full OCR cut
Tasmania on the bottom over the past two decades

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