As a customer-owned bank, we carefully consider the needs of all our customers to ensure we make a balanced decision for both our loan and deposit customers.
Following the RBA’s decision to cut the official cash rate, Beyond Bank will decrease interest rates by:
- 0.25% for variable owner-occupier and investor loans
- 0.25% for variable commercial loans.
Rates for the above products will change on 4 March 2025.
For more information, please see our interest rate page or our update announcement.
We will advise home loan customers of the changes to their repayments. These can be seen on our online banking platforms by selecting the loan in internet banking or on our mobile app from 4 March 2025. We will also contact customers directly with the information following the effective date by email, secure message or post.
We’re here to help.
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
