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Interest rate update, 11 October 2019

11 October 2019

Following the Reserve Bank’s official cash rate drop by 25 basis points to 0.75%p.a. Defence Bank will reduce all new and existing variable rate home loans by 0.15% p.a. We have also made changes to our fixed rate home loans with reductions of up to 0.61%p.a. 

These new rates are effective from Wednesday, 23 October 2019.

The decision was made with the needs of both mortgage holders and depositors in mind and seeks to strike a fair balance for all Members in this ongoing low interest rate environment. For any queries about this rate reduction on existing or new home loans please call our Contact Centre on 1800 033 139 or email [email protected].

Call 1800 033 139
phone
BSB 833-205