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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.
AMPRate cut: 0.20%Effective date: 22 July 2019Applies to: All home loan rates |
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ANZ BankRate cut: 0.25%Effective date: 12 July 2019Applies to: All home loan rates |
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Bank AustraliaRate cut: 0.16%Effective date: 22 July 2019Applies to: All home loan rates |
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Bank of MelbourneRate cut: 0.20%, 0.30%Effective date: 16 July 2019Applies to:
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Bank of SydneyRate cut: 0.19%Effective date: 23 July 2019Applies to: All home loan rates |
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BankSARate cut: 0.20%, 0.30%Effective date: 16 July 2019Applies to:
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BankwestRate cut: 0.19%Effective date: 23 July 2019Applies to: All home loan rates |
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BOQRate cut: 0.15%Effective date: 23 July 2019Applies to: All home loan rates |
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Commonwealth BankRate cut: 0.19%, 0.25%Effective date: 23 July 2019Applies to:
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INGRate cut: 0.20%Effective date: 18 July 2019Applies to: All home loan rates |
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Macquarie BankRate cut: 0.20%Effective date: 18 July 2019Applies to: All home loan rates |
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ME BankRate cut: 0.15%Effective date: 23 July 2019Applies to: All home loan rates for existing customers |
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NABRate cut: 0.19%Effective date: 12 July 2019Applies to: All home loan rates |
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Qudos BankRate cut: 0.15%Effective date: 16 July 2019Applies to: All home loan rates |
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ResimacRate cut: 0.25%Effective date: 24 July 2019Applies to: All home loan rates |
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SuncorpRate cut: 0.19%Effective date: 19 July 2019Applies to: All home loan rates |
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St. GeorgeRate cut: 0.20%, 0.30%Effective date: 16 July 2019Applies to:
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WestpacRate cut: 0.20%, 0.30%Effective date: 16 July 2019Applies to:
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