Banks passing on the RBA rate cut? - when and by how much?
Posted Friday, 05 October 2012 at 12:27 by Shape Home Loans
Tagged: interest rates
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A list of the top banks and how much of the Oct RBA rate cut each bank are passing on and when?
The RBA announced the cash rate would be cut by 25 basis points on Tuesday 2nd Oct 2012.
**** This page will be updated on a daily basis ****
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| Banks and Tier 2 Lenders | Rate Cut | Effective date | New SV-Rate |
| Adelaide Bank/ | -0.20 | 26th Oct | 6.70% |
| AMP | -0.17 | 15th Oct | 6.70% |
| ANZ | -0.20 | 19th Oct | 6.60% |
| Bank of Queensland ( BOQ) | -0.20 | 2nd Oct | 6.71% |
| Bank of Melbourne | -0.20 | 15th Oct | 6.60 % |
| Bankwest | -0.19 | 15th Oct | 6.59% |
| Citibank | -0.20 | 22nd Oct | 6.89% |
| Commonwealth Bank (CBA) | -0.20 | 12th Oct | 6.34% |
| Heritage Bank | -0.20 | 16th Oct | 6.54% |
| Homeside Lending | -0.20 | 12th Oct | 6.61% |
| ING Bank | -0.25 | 12th Oct | 5.97% |
| Macqauire Bank | 6.85% | ||
| NAB | -0.20 | 8th Oct | 6.58%% |
| Police and Nurses Mutural bank | 6.50% | ||
| St George Bank / Bank SA | -0.17 | 15th Oct | 6.69% |
| Suncorp Bank | -0.19 | 26 Oct | 6.69% |
| Rock Building Society | 7.09% | ||
| Westpac | -0.18 | 15th Oct | 6.71% |
| Wide Bay Australia Lending | 6.94%% | ||
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