Which Banks are passing on the new rate cut? July 2019

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

AMP logo

ANZ Bank

Rate cut: 0.25%

Effective date: 12 July 2019

Applies to: All home loan rates

ANZ logo

Bank Australia

Rate cut: 0.16%

Effective date: 22 July 2019

Applies to: All home loan rates

Bank Australia logo

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 Melbourne logo

Bank of Sydney

Rate cut: 0.19%

Effective date: 23 July 2019

Applies to: All home loan rates

Bank of Sydney Logo

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%)

Bank of South Australia Logo

Bankwest

Rate cut: 0.19%

Effective date: 23 July 2019

Applies to: All home loan rates

Bankwest logo

BOQ

Rate cut: 0.15%

Effective date: 23 July 2019

Applies to: All home loan rates

Bank of Queensland logo

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%)

Commonwealth Bank logo

ING

Rate cut: 0.20%

Effective date: 18 July 2019

Applies to: All home loan rates

ING logo

Macquarie Bank

Rate cut: 0.20%

Effective date: 18 July 2019

Applies to: All home loan rates

Macquarie Bank logo

ME Bank

Rate cut: 0.15%

Effective date: 23 July 2019

Applies to: All home loan rates for existing customers

ME Bank logo

NAB

Rate cut: 0.19%

Effective date: 12 July 2019

Applies to: All home loan rates

NAB logo

Qudos Bank

Rate cut: 0.15%

Effective date: 16 July 2019

Applies to: All home loan rates

Qudos Bank logo

Resimac

Rate cut: 0.25%

Effective date: 24 July 2019

Applies to: All home loan rates

Resimac logo

Suncorp

Rate cut: 0.19%

Effective date: 19 July 2019

Applies to: All home loan rates

Suncorp Bank logo

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%)

St George logo

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%)

Westpac logo

** General Advice Warning

The information provided on this website is general in nature only and it does not take into account your personal needs or circumstances into consideration. Before acting on any advice, you should consider whether the information is appropriate to your needs and where appropriate, seek professional advice in relation to legal, financial, taxation, mortgage or other advice.

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