Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Suncorp ups variable rates

suncorp bank logo  x

suncorp bank logo  x
Huntley Mitchell 1 minute read

Suncorp Bank has today announced it will increase its variable interest rates for owner-occupier and investor loans.

The non-major bank announced that its owner occupier and investor variable interest rates will increase by 16 basis points for new and existing loans, effective 20 November 2015.

As a result, Suncorp’s Standard Variable Owner Occupier rate will increase to 5.70 per cent, while its Investment Standard Variable Rate will increase to 5.97 per cent.

Advertisement
Advertisement

PROMOTED FEATURES


Suncorp Bank’s head of intermediaries, Steven Degetto, said the changes reflect the bank’s commitment to balancing the impact of interest rate increases on customers with its competitive positon in the market.

“Today’s interest rate change wasn’t a decision taken lightly. We balanced a range of considerations including the impact on the cost of living on customers, as well as an increase in the bank’s wholesale funding costs and competitive positioning,” he said.

Suncorp ups variable rates
suncorp bank logo  x
TheAdviser logo
suncorp bank logo  x

 

more from the adviser
house coins ta Aussie reports record spike in pre-approvals

The major brokerage has reported a record increase in home loan p...

Money jar Facebook launches SME grants program

The social media giant has commenced processing applications for ...

uptick Aggregator reports surge in settlements

Purple Circle Financial Services has reported a record increase i...

FROM THE WEB