Which Banks are passing on the new rate cut?

Bank interest rate movements for July 2019

The cash rate has been cut for the second month in a row! The RBA just announced yet another reduction of 25 basis points from 1.25% to 1.00%

Again, this leaves Australian borrowers with one question on their mind – will the banks pass on the reduction?

Stay tuned as we update this article on each of the lender’s interest rate movements!

If these new rates interest you and you’re thinking of buying a home or refinancing for a sharper rate contact one of our expert brokers to find out more and start saving!

*All rate cuts are for standard variable residential property loans only.

AMP Rate cut: 0.20% Effective date: 22 July 2019 Applies to: All home loan rates
ANZ Bank Rate cut: 0.25% Effective date: 12 July 2019 Applies to: All home loan rates
Bank Australia Rate cut: 0.16% Effective date: 22 July 2019 Applies to: All home loan rates
Bank of Melbourne Rate cut: 0.20%, 0.30% Effective date: 16 July 2019 Applies to: All Owners Occupied home loan rates (0.20%) P&I Investment home loan rates (0.20%) IO Investment home loan rates (0.30%)
Bank of Sydney Rate cut: 0.19% Effective date: 23 July 2019 Applies to: All home loan rates
BankSA Rate cut: 0.20%, 0.30% Effective date: 16 July 2019 Applies to: All Owners Occupied home loan rates (0.20%) P&I Investment home loan rates (0.20%) IO Investment home loan rates (0.30%)
Bankwest Rate cut: 0.19% Effective date: 23 July 2019 Applies to: All home loan rates
BOQ Rate cut: 0.15% Effective date: 23 July 2019 Applies to: All home loan rates
Commonwealth Bank Rate cut: 0.19%, 0.25% Effective date: 23 July 2019 Applies to: P&I home loan rates (0.19%) IO home loan rates (0.25%)
ING Rate cut: 0.20% Effective date: 18 July 2019 Applies to: All home loan rates
Macquarie Bank Rate cut: 0.20% Effective date: 18 July 2019 Applies to: All home loan rates
ME Bank Rate cut: 0.15% Effective date: 23 July 2019 Applies to: All home loan rates for existing customers
NAB Rate cut: 0.19% Effective date: 12 July 2019 Applies to: All home loan rates
Qudos Bank Rate cut: 0.15% Effective date: 16 July 2019 Applies to: All home loan rates
Resimac Rate cut: 0.25% Effective date: 24 July 2019 Applies to: All home loan rates
Suncorp Rate cut: 0.19% Effective date: 19 July 2019 Applies to: All home loan rates
St. George Rate cut: 0.20%, 0.30% Effective date: 16 July 2019 Applies to: All Owners Occupied home loan rates (0.20%) P&I Investment home loan rates (0.20%) IO Investment home loan rates (0.30%)
Westpac Rate cut: 0.20%, 0.30% Effective date: 16 July 2019 Applies to: All Owners Occupied home loan rates (0.20%) P&I Investment home loan rates (0.20%) IO Investment home loan rates (0.30%)