Ahead of the Reserve Bank of Australia’s (RBA) first monetary policy decision scheduled in less than two weeks, Westpac and Bankwest announced several changes to their offered rates – primarily their fixed rates.
If you are in the market for a fixed investment rate, the market is getting competitive with Westpac and Bankwest latest offerings.
Westpac – Premier Advantage Package – Principle & Interest payments.
Bankwest – Complete Package – Principle & Interest payments.
| 1 YR 3.19% | Comparison Rate 4.40% |
| 1 YR 3.49 | Comparison Rate 4.00% |
| 2 YR 3.09% | Comparison Rate 4.30% |
| 2 YR 3.09% | Comparison Rate 3.92% |
| 3 YR 3.09% | Comparison Rate 4.22% |
| 3 YR 2.93% | Comparison Rate 3.84% |
| 4 YR 3.19% | Comparison Rate 4.18% |
| 4 YR 3.49% | Comparison Rate 3.98% |
| 5 YR 3.19% | Comparison Rate 4.12% |
| 5 YR 3.19% | Comparison Rate 3.85% |
So, let’s watch, wait and see what the RBA does regarding interest rates in the next couple of weeks and the domino effect of the remaining Financiers to follow.
** The comparison rate is based on a loan of $150,000 over a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
**Rates are part of a package which attracts an annual package fee.
Warm regards,
