From the 1st of January 2024 we are changing the way we notify Members of Interest rate changes affecting Overdraft and Credit card products.
Currently, we publish an advertisement in a national newspaper advising our members of the changes to our existing Overdraft and Credit card products. From the 1st of January 2024 we will no longer be publishing an advert in the national newspaper, instead when a rate change for these products occurs, we will publish a notice to the latest news section of our website. We believe this change will improve our rate change process and this notice will be more visible and accessible to our members.
FAQ's
When will this be changing?
From 1st January 2024, this will take effect to future interest rate changes to our existing overdraft and credit card product holders.
Why is this changing?
New legislation now allows Unity Bank to publish this notification on our website instead of a national newspaper. This allows for the notice to be more visible and accessible to our members.
Where can I find this notice on the Unity Bank website?
When published, this notice can be found in the latest news section under the category Important Information on the Unity Bank website.
I received a letter in the mail for my home loan, will this be changing too?
No, interest rate letters will continue to be sent for lending products. This notification only applies to members with an Overdraft or Credit card product.
