Bank australia term deposit interest rates12/22/2023 This is why it’s more important than ever to compare a range of home loan options, so that you can ensure you’re choosing the right loan for your financial needs. The big four banks no longer offer home loan interest rates starting with a ‘5’. ![]() ![]() In fact, RateCity research shows that the big four banks have increased at least one new customer variable rate 22 times since March 2023 – outside of the RBA cash rate hikes. Just because the cash rate has been held this month doesn’t mean that major banks will stop increasing their interest rates. Let’s explore some of the most competitive interest rates for homeowners and savers for September 2023. Meanwhile, savers who are looking to boost their nest eggs may be wondering who is offering the highest rates on savings accounts and term deposits? Especially now that big four bank economists have predicted that rates may fall again as early as March 2024. If you’ve been considering refinancing to nab a lower interest rate and reduce your mortgage repayments, it may be worth familiarising yourself with some of the most competitive rates on the RateCity database this month. ![]() Your mortgage repayments have likely caught up with the latest increases if you were on, or have now switched to, a variable rate home loan.
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