The Interest Rate Cut List – From the February 3 Announcement
Many of our loyal readers know how much we love keeping up with all the new announcements on what we are starting to refer to it as “Rate Day” and I have to say that our most read topic on Rate Day is without a doubt “The List”.
Another 100 basis point drop was announced today (don’t need to look further than our other posts for more information) and of course, we love our lists! So read on to see who’s passing it on this time!
We’ll keep the list updated as we go, so if you hear more than what we have, don’t be afraid to tell us!
In no particular order, so far we have:
- Westpac Bank – 100bps! Effective Date: February 9th 2009
- Keystart – 100bps!
- ANZ – 100bps! Effective Date: February 13th 2009
- CBA – 100bps! Effective Date: February 13th 2009
- NAB – 100bps! Effective Date: February 13th 2009
- St George – 100bps! Effective Date: February 13th 2009
- BankSA – 100bps! Effective Date: February 13th 2009
- RAMS Home Loans – 100bps! Effective Date: February 9th 2009
- Aussie Home Loans – 100bps! Effective Date: February 13th 2009
- Suncorp-Metway – 100bps! Effective Date: February 23rd 2009
- AMP Banking – 100bps! Effective Date: February 13th (New), February 15th (Existing)
- HomeStart Finance – 100bps! Effective Date: February 19th 2009
- GE Money – ??? – Announcement to be made on February 20th 2009 (Thanks H Schryver for the Tip). Click here to read more about GE’s Latest Announcement
- MyRate.com.au – 100bps! Effective Date: February 16th, 2009
- ABNAMRO – 100bps! Effective Date: February 9th, 2009
- Challenger – 100bps! Effective Date: February 10th (New), February 23rd (Existing)
- BankWest – 100bps! Effective Date: February 20th 2009
Please note that this is correct as we hear about them and you really should check with your lender as to whether or not these rate cuts are being passed on to you and the type of loan that you have (as not all loan types may attract these great interest rate cuts!)
In the meantime, let us know who else is passing on the rate cuts and how much as we compile and keep updating the list of interest rate cuts.
Keep checking back here as we update list!
The list above relates to the Interest Rate Cut announced on the 3rd February, 2009.
*Note Last Update done: February 10, 2009
Or maybe they are just trying to increase their margins by hitting the customers instead of the brokers this time around.
