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 Bank

Rate cut: 0.15%

Effective date: 15 October 2019

Applies to: All home loan rates

Adelaide Bank logo

AMP

Rate cut: 0.15%

Effective date: 14 October 2019

Applies to: All home loan rates

AMP logo

ANZ

Rate cut: 0.14%, 0.25%

Effective date: 11 October 2019

Applies to:

  • P&I Owners Occupied home loan rates (0.14%)

  • IO Investment home loan rates (0.25%)

ANZ logo

Auswide Bank

Rate cut: 0.25%

Effective date: 03 October 2019

Applies to: ‘RBA Rate Tracker Home Loan’ only

Auswide Bank logo

Bank Australia

Rate cut: 0.10%

Effective date: 22 October 2019

Applies to: All home loan rates

Bank Australia logo

Bank of Melbourne

Rate cut: 0.15%

Effective date: 16 October 2019

Applies to: All home loan rates

Bank of Melbourne logo

Bank of Queensland

Rate cut: 0.10%, 0.25%

Effective date: 25 October 2019

Applies to:

  • All P&I home loan rates (0.10%)

  • ALL IO home loan rates (0.25%)

Bank of Queensland logo

Bank of Sydney

Rate cut: 0.15%

Effective date: 22 October 2019

Applies to: All home loan rates

Bank of Sydney Logo

BankSA

Rate cut: 0.15%

Effective date: 16 October 2019

Applies to: All home loan rates

Bank of South Australia Logo

Bankwest

Rate cut: 0.13%, 0.25%

Effective date: 16 October 2019

Applies to:

  • All P&I home loan rates (0.13%)

  • IO Owners Occupied home loan rates (0.13%)

  • IO Investment home loan rates (0.25%)

Bankwest logo

Citi

Rate cut: 0.15%

Effective date: 21 October 2019

Applies to: All home loan rates

Citi logo

Commonwealth Bank

Rate cut: 0.13%, 0.25%

Effective date: 22 October 2019

Applies to:

  • All P&I home loan rates (0.13%)

  • IO Owners Occupied home loan rates (0.13%)

  • IO Investment home loan rates (0.25%)

Commonwealth Bank logo

Heritage Bank

Rate cut: 0.15%

Effective date: 15 October 2019

Applies to: All home loan rates

Heritage Bank logo

ING

Rate cut: 0.15%

Effective date: 16 October 2019

Applies to: All home loan rates

ING logo

Liberty

Rate cut: 0.25%

Effective date: 22 October 2019

Applies to: All home loan rates

Liberty logo

Macquarie Bank

Rate cut: 0.15%

Effective date: 17 October 2019

Applies to: All home loan rates

Macquarie Bank logo

ME Bank

Rate cut: 0.15%

Effective date: 24 October 2019

Applies to: All home loan rates for existing customers

ME Bank logo

MyState Bank

Rate cut: 0.15%

Effective date: 14 October 2019, 29 October 2019

Applies to:

  • All new customer home loan rates (14 October 2019)

  • All existing customer home loan rates (29 October 2019)

MyState Bank

NAB

Rate cut: 0.15%, 0.30%

Effective date: 11 October 2019

Applies to:

  • All Owners Occupied home loan rates (0.15%)

  • P&I Investment home loan rates (0.15%)

  • IO Investment home loan rates (0.30%)

NAB logo

Pepper Money

Rate cut: 0.24%

Effective date: 01 October 2019

Applies to: Some home loans for new customers

Pepper logo

Qudos Bank

Rate cut: 0.15%

Effective date: 15 October 2019

Applies to: All home loan rates

Qudos Bank logo

Resimac

Rate cut: 0.15%

Effective date: 23 October 2019

Applies to: All ‘Resimac Prime’ and ‘Specialist’ home loan rates

Resimac logo

St. George

Rate cut: 0.15%

Effective date: 16 October 2019

Applies to: All home loan rates

St George logo

Suncorp

Rate cut: 0.15%

Effective date: 18 October 2019

Applies to: All home loan rates

Suncorp Bank logo

Westpac

Rate cut: 0.15%

Effective date: 16 October 2019

Applies to: All home loan rates

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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