The tables below show some of the rate changes that we will be making to our loan products.

Rates will change on Thursday 15 December for the below loan products.

Customers with a home loan will be notified either electronically or in writing with any adjustments required for repayments. Any changes to new repayments will be effective from Wednesday 18 January 2022.

 

 

From Thursday 15 December , Beyond Bank’s advertised Standard Variable Interest Rates will be as follows:

	Current Advertised Rate (% p.a.)	Change (% p.a.)	New Advertised Rate as at 15 December 2022 (% p.a.)
Owner Occupier Principal and Interest	7.20	0.25	7.45
Investment Principal and Interest	7.49	0.25	7.74
Investment Interest Only	7.79	0.25	8.04

From Thursday 15 December, Beyond Bank’s advertised Standard Total Home Loan Package Variable Interest Rates will be as follows:

	Current Advertised Rate (% p.a.)	Change (% p.a.)	New Advertised Rate as at 15 December 2022 (% p.a.)
Owner Occupier Principal and Interest	6.30	0.25	6.55
Investment Principal and Interest	6.50	0.25	6.75
Investment Interest Only	6.75	0.25	7.00

 

 

Beyond Bank has more than 275,000 customer-owners. 21,000 have loan accounts and 16,000 hold term deposits. Because our customers own the bank, all monies generated by the organisation are reinvested into the business to provide products and services and maintain the bank’s strong capital position.

We are very mindful of cost-of-living pressures and their impact on people today, and that interest rates can have a significant influence on this. We will always take an approach based on working with our owner-customers in a caring and supportive way.

If you need assistance with your loans, please call 13 25 85, option 2 to speak to our specialist team.

For general tips and resources for your financial wellbeing, please visit beyondbank.com.au/financial-wellbeing.html