Powered by MOMENTUM MEDIA
the adviser logo
Lender

Bankwest lifts variable rates

by James Mitchell4 minute read

Bankwest has decided to up its variable mortgage rates.

Bankwest revealed that it will be lifting variable home loan interest rates by 18 basis points effective 17 November 2015.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

Bankwest’s standard variable rate is now 5.65 per cent and investor variable rate is now 5.97 per cent.

The CBA-owned lender said its home loan variable interest rates remain some of the most competitive in the market.

Advertisement
Advertisement

The move by Bankwest follows yesterday’s 20-basis-point rate hike from ME.

All four major banks have raised their variable rates. Westpac moved first with a 20-basis-point rate hike announced on 14 October.

CBA followed with a 15-basis-point rate rise across its variable mortgages, NAB with a 17-basis-point rise and ANZ with an 18-basis-point increase.

[Revealed: NAB Broker reveals new rates]

 

 

Bankwest lifts variable rates
percentage increase  x
TheAdviser logo
percentage increase  x

James Mitchell

James Mitchell

AUTHOR

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

daniel tuttlebee resimac asset fInance ta l27zun

Resimac takes controlling stake in Sonder

Resimac Asset Finance has expanded its acquisition stake in equipment finance business Sonder Equipment Finance...

READ MORE
asic ta 2

ASIC seeks ‘common-sense solutions’ to breach reporting

The Australian Securities & Investments Commission (ASIC) has committed to “improving” the operation of the...

READ MORE
andrew mills homestart ta htfetw

HomeStart drops graduate loan deposit to 2%

HomeStart Finance, a non-bank lender backed by the South Australian state government, has lowered the deposit hurdle...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more