Westpac, NAB hike fixed rates
Wednesday the 17th of June, 2009 1 Comment »
Posted by Iden Money .
Commonwealth Bank is not the only one to increase is interest rate. Another two major banks, Westpac and NAB have increased their fixed rate mortgages yesterday.
Effective today, Westpac’s fixed rate loans will rise by between 10 and 50 basis points. The hike will take its three year fixed rate mortgage to 6.59 per cent – just 10 basis points behind CBA, who pushed up its fixed rates yesterday.
NAB also increased its fixed rate mortgages by between 15 and 40 basis points, with its three year fixed rate loan increasing by 40 basis points to 6.49 per cent.
St George’s three year fixed rate now sits at 5.99 per cent – the lowest of the major banks (but well above than Iden Money) – while ANZ, which moved to lift its three year rate a fortnight ago, is offering a rate of 6.34 per cent.
With low interest rates and personalised service, Iden Money provides complete service from the start to the end of your loan – call us on 1300 334 336 or click here to contact us.
April 6th, 2010 at 8:34 am
I’m not certain I agree with you. I have an acquaintence who is losing his multimillion dollar home to the bank. Its a place he has owned for 15 years. He got in over his head during the subprime mess. He could have pulled himself out but got so depressed, he could barely function. He used to say I want to save my house but he never did anything about it. Its really sad. If you know someone like this, be supportive. Send them to http://www.savemyhousetips.com for tips.