Following Westpac's 0.20% rate increase last week, CBA has followed with a 0.15% rate increase.
The Commonwealth Bank has today announced an increase in its variable home loan rates by 0.15%pa (15 basis points), partially offsetting costs associated with recent changes to capital requirements. Fixed rates and business lending rates remain unchanged.
For home loan customers, the standard variable rate for owner occupied loans will increase to 5.60% per annum and the standard variable rate will rise for investment home loans to 5.87% per annum.
These changes will become effective on Friday, 20 November 2015.