Rate Change effective 16 August
August 2016Share This Story
Beyond Bank Australia announced a broad range of changes to its interest rates on Wednesday 10th August on the back of the RBAs August official rate move.
The changes see owner occupied variable home loan rates dropping 14pts (on standard variable and package loans) and up to 30pts on <80LVR total home loan package rates. Beyond Bank's fixed home loan rates for 2, 3, 4 & 5 year terms have also decreased.
Beyond Bank's investment and business variable loan rates all received a decrease of 10pts.
In good news for investors, Beyond Bank made the decision to increase its 2 - 5 year term deposit rates.
All rate changes are effective from Tuesday 16th August 2016.
The rate decisions provide a good outcome for all of Beyond Bank's owners (who are their customers). Balancing the needs of borrowers (owner occupied and investor) and investors provides a unique challenge in this low rate environment.
The rate changes look to provide value to customers right across Beyond Bank’s 200,000+ member base.