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.

Bendigo Bank hikes variable rate

Staff Reporter 1 minute read

Bendigo Bank announced a 0.10 per cent increase to its variable interest rate on Friday.

The rate change, which is effective today Monday 5 May, will bring the bank’s standard variable to 9.65 per cent – around 20 basis points higher than the variable rates of the big four banks.

Bank spokesperson Owen Davies said that while any increase was regrettable, the bank had sought to soften the impact of funding increases on its customers.

“We continue to absorb some of our increased funding costs,” Mr Davies said. “We recognise that rate rises are starting to squeeze household budgets and are therefore sharing the impact of the difficult funding environment.”

Published: 05-05-08

Advertisement
Advertisement
Bendigo Bank hikes variable rate
default
TheAdviser logo
default
more from the adviser
first home buyers ta Brokers wrote half of FHLDS loans

The latest figures for the FHLDS suggest that brokers assisted in...

percent arrow down ta Low repayment loan for brokers launches

Specialist lender TrailBlazer Finance has launched a new low repa...

handshake contract ta PLAN bolsters lending panel

The aggregator has announced the addition of Better Choice Home L...

FROM THE WEB