Which Banks are passing on the new rate cut? March 2020
Bank interest rate movements for March 2020
The cash rate has been cut to another record low from 0.75% to 0.50%.
Click Here to find out how banks are helping Australians during the coronavirus outbreak.
*March 19th update – Cash rate cut again to 0.25%. Stay tuned as we update this page again for the second 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 listed are for standard variable residential property loans.
Adelaide BankRate cut: 0.25%Effective date: 27 March 2020Applies to: All home loan rates |  |
AMPRate cut: 0.25%Effective date: 30 March 2020Applies to: All home loan rates |  |
ANZRate cut: 0.25%, 0.35%Effective date: 13 March 2020Applies to:
|  |
Auswide BankRate cut: 0.25%Effective date: 05 March 2020Applies to: ‘RBA Rate Tracker Home Loan’ only |  |
Bank AustraliaRate cut: 0.25%Effective date: 24 March 2020Applies to: All home loan rates |  |
Bank of MelbourneRate cut: 0.25%Effective date: 17 March 2020Applies to: All home loan rates |  |
Bank of QueenslandRate cut: 0.17%, 0.25%Effective date: 3 April 2020Applies to:
|  |
Bank of SydneyRate cut: 0.25%Effective date: 24 March 2020Applies to: All home loan rates for existing customers |  |
BankSARate cut: 0.25%Effective date: 17 March 2020Applies to: All home loan rates |  |
BankwestRate cut: 0.25%Effective date: 18 March 2020Applies to: All home loan rates |  |
CitiRate cut: 0.25%Effective date: 24 March 2020Applies to: All home loan rates |  |
Commonwealth BankRate cut: 0.25%Effective date: 24 March 2020Applies to: All home loan rates2nd Rate cut: 0.70%Effective date: 1 May 2020Applies to: Fixed rate one, two and three-year owner-occupied P&I homeloans for new and existing customers |  |
Heritage BankRate cut: 0.20%Effective date: 25 March 2020Applies to: All home loan rates |  |
INGRate cut: 0.25%Effective date: 18 March 2020Applies to: All home loan rates |  |
LibertyRate cut: 0.25%Effective date: 24 March 2020Applies to: All home loan rates |  |
Macquarie BankRate cut: 0.25%Effective date: 19 March 2020Applies to: All home loan rates |  |
ME BankRate cut: 0.25%Effective date: 26 March 2020Applies to: All home loan rates for existing customers |  |
MyState BankRate cut: 0.25%Effective date: 31 March 2020Applies to: All home loan rates |  |
NABRate cut: 0.25%Effective date: 13 March 2020Applies to: All home loan rates for existing customers |  |
Pepper MoneyRate cut: Up to 0.25%Effective date: 16 March 2020Applies to: All home loan rates for existing customers |  |
Qudos BankRate cut: 0.25%Effective date: 23 March 2020Applies to: All home loan rates |  |
ResimacRate cut: 0.25%Effective date: 26 March 2020Applies to: All home loan rates for existing customers |  |
St. GeorgeRate cut: 0.25%Effective date: 17 March 2020Applies to: All home loan rates |  |
SuncorpRate cut: 0.25%Effective date: 20 March 2020Applies to: All home loan rates |  |
WestpacRate cut: 0.25%Effective date: 17 March 2020Applies to: All home loan rates for existing customers |  |
** 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.
