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.

AMP lifts rates by 0.33 per cent

Staff Reporter 1 minute read

AMP Bank has surpassed CBA by dropping the biggest rate increase on borrowers since the February RBA rate rise, lifting its variable home loan rate by 33 basis points to 9.02 per cent.

The decision was as a result of the “impact of global credit market volatility on wholesale funding costs,” in conjunction with the RBA’s rise in official rates, according to a  statement issed by the bank.

St George Bank and Westpac have opted to pass the RBA’s 0.25 per cent rise on to borrowers while ANZ and NAB expected to make announcements in the near future.

Pub
Advertisement
Advertisement
lished: 08-02-08

 

AMP lifts rates by 0.33 per cent
default
TheAdviser logo
default
more from the adviser
houseandmoneyrates ‘Don’t rush in’: Risks of new housing scheme flagged

Broker support is critical for borrowers looking to capitalise on...

speed boat ta AFG welcomes specialist lender to its panel

The aggregator has welcomed specialty asset finance lender Austra...

business handshake 2 Finsure expands third-party team, appoints new BDMs

The mortgage aggregator has announced the appointment of new busi...

FROM THE WEB