Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.
We believe that a truly responsible bank can help make our society better and our Impact Fund is one of the ways we do this.
As a customer-owned bank, we ask our customers regularly to tell us which issues they want to see us act upon. This is how we determine which projects to support through the Impact Fund.
Above: The Great Ocean Road, VIC