Interest rate announcement - 12 August 2022. Bank Australia will increase variable home loan and commercial variable rates in response the RBA’s recent decision to raise the official cash rate. From 18 August 2022, interest rates will increase by 0.50% for variable rate owner-occupier and investor loans, while commercial variable rate loans will also increase by 0.50%. For existing home loan customers, repayment changes will be effective from 1 October 2022. Read more here.
We work to make a positive impact for people and the planet, and this past year has been no exception. By banking together, we can make the world a better place.
Our commitment to climate-friendly financing and products saw us awarded Australia’s Greenest Bank by Finder in 2021 for the second year in a row.
Criteria includes:
Our environmental impact – like sourcing 100% renewable electricity
Our investments and products – like who we do and don’t lend money to