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BSB 650 000
Wednesday 4 May, 2016.
On Tuesday 3 May 2016 the Reserve Bank of Australia (RBA) announced its decision to reduce the official cash rate by 0.25%, from 2.00% to a new record low of 1.75% pa.
We have made the decision to pass on the full 0.25% reduction to variable rate home and business loans, effective Thursday 19 May 2016. This change keeps our variable rate home loans at the ‘top of the pack’ versus the major banks by a significant margin (see charts below).
The exceptional value we provide to members is also recognised by independent financial market experts including CANSTAR, which has recently awarded us with 24 five-star ratings for our home loans – more than twice as many as the best of the major banks. In addition we are Money magazine’s Australian Home Lender of the Year for the second time.
The comparison table below shows how competitive our variable rate loans continue to be following this rate reduction.
*Charts reflect interest rates after the effective dates of major banks’ and NPBS’ announcements.
Download the full media release.
We continue to monitor COVID-19 daily. As a precaution, we may temporarily change the hours of our branches. Our locator tool will help you find an alternate branch close by. You can also download the app, internet banking or call our local call centre team to your banking safely from home.
You will find these branches open on a Saturday morning: Waratah, Wallsend, Greenhills, Charlestown Square, Raymond Terrace, Glendale, Kotara, Mount Hutton, Swansea and Erina.
Due to the COVID-19 lockdown in the Central Coast area and more customers choosing to bank from home, we have temporarily reduced our branch hours. All of our branches in the Central Coast area will be open Mon- Fri 9am-1.30pm and on Saturdays Erina Branch is open 9am-12pm (these changes do not apply to branches outside of the central coast).