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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 |
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AMPRate cut: 0.25%Effective date: 30 March 2020Applies to: All home loan rates |
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ANZRate cut: 0.25%, 0.35%Effective date: 13 March 2020Applies to:
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Auswide BankRate cut: 0.25%Effective date: 05 March 2020Applies to: ‘RBA Rate Tracker Home Loan’ only |
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Bank AustraliaRate cut: 0.25%Effective date: 24 March 2020Applies to: All home loan rates |
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Bank of MelbourneRate cut: 0.25%Effective date: 17 March 2020Applies to: All home loan rates |
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Bank of QueenslandRate cut: 0.17%, 0.25%Effective date: 3 April 2020Applies to:
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Bank of SydneyRate cut: 0.25%Effective date: 24 March 2020Applies to: All home loan rates for existing customers |
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BankSARate cut: 0.25%Effective date: 17 March 2020Applies to: All home loan rates |
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BankwestRate cut: 0.25%Effective date: 18 March 2020Applies to: All home loan rates |
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CitiRate cut: 0.25%Effective date: 24 March 2020Applies to: All home loan rates |
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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 |
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Heritage BankRate cut: 0.20%Effective date: 25 March 2020Applies to: All home loan rates |
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INGRate cut: 0.25%Effective date: 18 March 2020Applies to: All home loan rates |
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LibertyRate cut: 0.25%Effective date: 24 March 2020Applies to: All home loan rates |
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Macquarie BankRate cut: 0.25%Effective date: 19 March 2020Applies to: All home loan rates |
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ME BankRate cut: 0.25%Effective date: 26 March 2020Applies to: All home loan rates for existing customers |
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MyState BankRate cut: 0.25%Effective date: 31 March 2020Applies to: All home loan rates |
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NABRate cut: 0.25%Effective date: 13 March 2020Applies to: All home loan rates for existing customers |
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Pepper MoneyRate cut: Up to 0.25%Effective date: 16 March 2020Applies to: All home loan rates for existing customers |
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Qudos BankRate cut: 0.25%Effective date: 23 March 2020Applies to: All home loan rates |
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ResimacRate cut: 0.25%Effective date: 26 March 2020Applies to: All home loan rates for existing customers |
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St. GeorgeRate cut: 0.25%Effective date: 17 March 2020Applies to: All home loan rates |
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SuncorpRate cut: 0.25%Effective date: 20 March 2020Applies to: All home loan rates |
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WestpacRate cut: 0.25%Effective date: 17 March 2020Applies to: All home loan rates for existing customers |
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