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Interest rate update Friday, 05 July 2019

05 July 2019

Following the Reserve Bank’s official cash rate drop by 25 basis points to 1%, Defence Bank will reduce all and new variable rate home loans by 0.19% p.a. These new rates are effective from Wednesday, 17 July 2019.

The decision was made with the needs of both mortgage holders and depositors in mind and seeks to strike a fair balance for 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
BSB 833-205