On Tuesday 12 August 2025, the Reserve Bank of Australia (RBA) announced a decrease of 0.25%p.a. to the official cash rate.
Following this, we have reviewed the interest rates applicable to our variable rate home loans and advise that the rates for existing mortgage holders will decrease by 0.25%p.a., effective from 1 September 2025.
Members will see their new interest rate and repayment details in their account transaction history in Online Banking and our Mobile App on 1 September 2025.
Our variable rate savings accounts will decrease by 0.25%p.a., effective from 25 August 2025.
Whilst changes to the RBA cash rate is one of the factors that informs our pricing decisions, there are other factors that we consider such as economic and market conditions, cost to lend and the competitor landscape. This helps us to assess and to continue to offer competitive rates to our members.
If you would like further information on any of our products or services, please review the information on our website or contact us to see how we can help.
