page top

RBA slashes interest rates to a fresh record low of 0.5%

Attention: open in a new window. Print

The Reserve Bank has announced their fourth reduction of interest rate to a new low of 0.5%. In response to the RBA’s announcement on 3 March 2020, we are reviewing our rates and preparing recommendations for our Board who will meet later in March. As always, we will consider the interest of our depositors and borrowers whilst ensuring we continue to maintain our exceptionally strong prudential management of your Bank.