Change to Interest Rates


Published on 16 May 2022

The Reserve Bank of Australia (RBA) announced an increase in the cash rate of 0.25% on the 3rd of May. After considering the needs of both our borrowing and investing members, we are making changes to some of our loan rates. Please note that the increase will apply to all variable rate credit facilities including home loans, personal loans, credit cards and overdrafts.

From 16 May 2022, the interest rates applicable to new variable rate loans will increase by 0.25% p.a. 

For existing variable rate loans, the interest rates will increase by 0.25% p.a., effective from 6 June 2022. Existing borrowers will receive separate written notification detailing new repayment amounts, with the change in repayments effective from 1 July 2022.

For more details, please see our latest interest rate schedules below.

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