News



Want to stay up-to-date with our latest news?

Whether you’re a customer or a curious member of the public, we’d love to share our latest stories and initiatives with you.

At Beyond Bank we’re a bank that is 100% owned by our customers. We go beyond in everything we do and that means doing more for our customers than they ever expected. It’s part of what makes us the other way to bank.

Read our latest stories below.
 

Interest Rate Changes

As an essential service that continues to provide banking to you and your local community, Beyond Bank Australia remains focused and committed to offering the most responsible form of banking to meet the needs of ALL Australians.

This week we have reduced interest rates across a range of products:

  • 0.50% reduction to our 3-year fixed rate on our owner-occupied Total Home Loan Package ≤80% LVR special to a new low of 2.29% p.a., effective 7th April 2020;
  • The introduction of a new 2-year fixed rate of 2.29% on our owner-occupied Total Home Loan Package ≤80% LVR special, effective 7th April 2020;
  • A range of financial assistance for small business customers impacted by COVID-19, effective 1st April 2020, including:
  • 0.50% reduction in the secured Overdraft interest rate for new and existing customers;
  • 2.00% reduction in our unsecured Overdraft rate for new and existing customers; and
  • 1.00% reduction in current business investment loan variable reference rate for new and existing customers to 3.94%

Along with these changes, we have also implemented a range of home loan assistance measures as well as financial support initiatives to help you through these challenging times.

For more information, please visit beyondbank.com.au/coronavirus

Supporting our customers during COVID-19 *17 March

At Beyond Bank, our main role and responsibility has always been and will always be to our staff and our customers.

The health and wellbeing of our employees, customers and their families is our top priority.

Beyond Bank are following the situation closely and continuing to act in accordance with the measures prescribed by the World Health Organisation and local health and government authorities.

Our services remain unaffected at this time and customers are assured that deposits up to $250,000 remain securely backed by the Commonwealth Government Guarantee.    

For more information on the Coronavirus including advice on what you can do to protect yourself, please visit the World Health Organisation website.

Supporting our customers during COVID-19

At Beyond Bank, our main role and responsibility has always been and will always be to our staff and our customers.

The health and wellbeing of our employees, customers and their families is our top priority.

Beyond Bank are following the situation closely and continuing to act in accordance with the measures prescribed by the World Health Organisation and local health and government authorities.

Our services remain unaffected at this time and customers are assured that deposits up to $250,000 remain securely backed by the Commonwealth Government Guarantee.    

For more information on the Coronavirus including advice on what you can do to protect yourself, please visit the World Health Organisation website.

Osko payments to ANZ/NAB this weekend.

Please be aware that NAB and ANZ will be temporarily suspending both incoming and outgoing Osko payments at times over the weekend.

On Saturday 14 March from 12:00 am until 6:00 am (AEDT), NAB Osko payments will be unavailable. On Sunday 15 March from 1:30 am until 6:30 am (AEDT), ANZ Osko payments will be unavailable.

Please keep this in mind when making Osko payments to these financial institutions over the weekend.

Osko payments to CBA/Bankwest this weekend.

Please be aware that CBA and Bankwest will be temporarily suspending both incoming and outgoing Osko payments at times over the weekend.

On Saturday 21 March from 12:00 am until 7:00 am (AEDT), CBA & Bankwest Osko payments will be unavailable.

Please keep this in mind when making Osko payments to these financial institutions over the weekend.

Your money is safe at Beyond Bank

At Beyond Bank, our main role and responsibility has always been and will always be to our staff and our customers.

The health and wellbeing of our employees, customers and their families is our top priority.

Beyond Bank are following the situation closely and continuing to act in accordance with the measures prescribed by the World Health Organisation and local health and government authorities.

Our services remain unaffected at this time and customers are assured that deposits up to $250,000 remain securely backed by the Commonwealth Government Guarantee.    

For more information on the Coronavirus including advice on what you can do to protect yourself, please visit the World Health Organisation website.

Beyond Bank cuts home loan interest rates by 0.25%

11 March 2020 - Beyond Bank Australia is pleased to announce that it will be passing on the full interest rate cut of 0.25% p.a. to its variable rate home loans. 

The announcement follows the recent decision by the Reserve Bank of Australia to cut the official cash rate and will apply to both new and existing lending from 24th March 2020. 

"As a customer owned bank, we are always striving to pass on benefits to our customers,” said Mr. Nick May, General Manager Customer Experience, at Beyond Bank. 

“This latest rate cut allows us to pass on significant savings for our borrower customers and will put more money back into the pockets of our customers.”

The new variable rates apply to owner-occupiers, investors and business accounts.

Reserve Bank cuts official cash rate

At its’ meeting on 3 March 2020, the Reserve Bank of Australia (RBA) decided to lower the cash rate by 25 basis points to 0.50 per cent.

As a customer-owned bank, we very carefully consider the needs of all our customers and aim to achieve a good balance between the needs of both our borrowers and our deposit customers.

We are currently reviewing our rates and will provide further details on our rate decision on Wednesday, 11th March.

Please check back into our News section for our announcement.

12 days of Christmas competition winners

Congratulations to the following winners of the Western Union Business Solutions 12 Days of Christmas Campaign.

Matthew Edwin Evans, ACT

Future Super Services Pty Ltd, NSW

Jennifer Jean Williams, NSW

John Zbigniew Kozak, SA

Julie Loveny, WA

Sonam Choeden, ACT

Chelvanayakam Kumaranayakam, ACT

Peter Hamburger, ACT

Alan Davis, ACT

Keith Barker, NSW

Margaret Sue Hulme, WA

Madison Dallas Simmonds, SA

 

Assistance for customers affected by bushfires.

With bushfires continuing to ravage communities around Australia, we have watched so many lives destroyed. While we know the crisis is still far from over, we want to let those who have been impacted know that we are thinking of you and are ready to help in any way we can.

If you are experiencing financial hardship and need support, please get in touch with us so that together, we can work out a way to make sure you and your family are ok. Please visit your nearest Beyond Bank branch if safe to do so, call us on 13 25 85 or send us a secure message via Internet Banking.

Customers who have sustained damage to your property and/or motor vehicle(s) as a result of these bushfires, and have insurance through our partner Allianz, are encouraged to contact them directly on their claims line 1300 555 030, or online at Allianz Claims as soon as it is safe to do so.

Customers who wish to donate to the Beyond Bank Foundation Bushfire Appeal can do so via our website. 100% of funds raised are going to Vinnies.

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For the security of your accounts, Internet Banking no longer supports Internet Explorer 8 or earlier versions.

As you may know, Microsoft recently made the decision to discontinue its support of Internet Explorer 8 (IE8). This leaves users exposed to potential security risks. As a result, Beyond Bank's Internet Banking will no longer support Internet Explorer 8 or earlier versions. Going forward, Beyond Bank will support Internet Explorer 9 or later to ensure the security of your accounts.

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