Which Banks are passing on the new rate cut? October 2019
Bank interest rate movements for October 2019
The cash rate has been cut to another record low from 1.00% to 0.75%
Again, this leaves Australian borrowers with one question on their mind – will the banks pass on the reduction?
Stay tuned as we update this page on each of the lender’s interest rate movements! While you’re waiting check out how the banks reacted to the June and July rate cuts.
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.
Adelaide BankRate cut: 0.15%Effective date: 15 October 2019Applies to: All home loan rates |  |
AMPRate cut: 0.15%Effective date: 14 October 2019Applies to: All home loan rates |  |
ANZRate cut: 0.14%, 0.25%Effective date: 11 October 2019Applies to:
|  |
Auswide BankRate cut: 0.25%Effective date: 03 October 2019Applies to: ‘RBA Rate Tracker Home Loan’ only |  |
Bank AustraliaRate cut: 0.10%Effective date: 22 October 2019Applies to: All home loan rates |  |
Bank of MelbourneRate cut: 0.15%Effective date: 16 October 2019Applies to: All home loan rates |  |
Bank of QueenslandRate cut: 0.10%, 0.25%Effective date: 25 October 2019Applies to:
|  |
Bank of SydneyRate cut: 0.15%Effective date: 22 October 2019Applies to: All home loan rates |  |
BankSARate cut: 0.15%Effective date: 16 October 2019Applies to: All home loan rates |  |
BankwestRate cut: 0.13%, 0.25%Effective date: 16 October 2019Applies to:
|  |
CitiRate cut: 0.15%Effective date: 21 October 2019Applies to: All home loan rates |  |
Commonwealth BankRate cut: 0.13%, 0.25%Effective date: 22 October 2019Applies to:
|  |
Heritage BankRate cut: 0.15%Effective date: 15 October 2019Applies to: All home loan rates |  |
INGRate cut: 0.15%Effective date: 16 October 2019Applies to: All home loan rates |  |
LibertyRate cut: 0.25%Effective date: 22 October 2019Applies to: All home loan rates |  |
Macquarie BankRate cut: 0.15%Effective date: 17 October 2019Applies to: All home loan rates |  |
ME BankRate cut: 0.15%Effective date: 24 October 2019Applies to: All home loan rates for existing customers |  |
MyState BankRate cut: 0.15%Effective date: 14 October 2019, 29 October 2019Applies to:
|  |
NABRate cut: 0.15%, 0.30%Effective date: 11 October 2019Applies to:
|  |
Pepper MoneyRate cut: 0.24%Effective date: 01 October 2019Applies to: Some home loans for new customers |  |
Qudos BankRate cut: 0.15%Effective date: 15 October 2019Applies to: All home loan rates |  |
ResimacRate cut: 0.15%Effective date: 23 October 2019Applies to: All ‘Resimac Prime’ and ‘Specialist’ home loan rates |  |
St. GeorgeRate cut: 0.15%Effective date: 16 October 2019Applies to: All home loan rates |  |
SuncorpRate cut: 0.15%Effective date: 18 October 2019Applies to: All home loan rates |  |
WestpacRate cut: 0.15%Effective date: 16 October 2019Applies to: All home loan rates |  |
** 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.
