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 4 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.

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.

Advertisement
Advertisement

“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

Grow your business exponentially in 2022!

Discover the right strategies to build a more structured, efficient and profitable businesses at The Adviser’s 2022 Business Accelerator Program.

Visit the website here to secure your ticket.

PROMOTED CONTENT


suncorp bank logo  x

 

more from the adviser
money grants

Breaking News

Flood relief assistance extended to Somerset Region

Queensland and federal government-funded grants of up to $50,000 ...

flood water ta

Breaking News

Natural disaster preparedness inquiry launches for small business

An inquiry into small-business natural disaster preparedness and ...

applause clap

Breaking News

Simplicity Loans & Advisory reaches $2bn milestone

The brokerage’s co-managing directors believe this settlement f...