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.

Published: 08-02-08

 

AMP lifts rates by 0.33 per cent
default
TheAdviser logo

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

default

 

more from the adviser
David Hyman Lendi lays out post-merger strategy

Having wrapped its first month post-merger with Aussie, Lendi’s...

website computer Non-major lender updates broker website

A regional lender has updated its broker website with new feature...

Jeff zulman TrailBlazer joins SME Recovery Loan Scheme panel

The non-bank lender has become the 19th member of the government...