How much of the May RBA 2012 cut is each bank passing?
Posted Wednesday, 14 December 2011 at 14:13 by William Mansfield
Tagged: interest rates
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A list of the top banks and how much of the May RBA rate cut each banks are passing on and when?
The RBA announced the cash rate would be cut by 50 basis points on Tuesday 1st may 2012.
**** This page will be updated on a daily basis ****
| Banks and Tier 2 Lenders | Rate Cut | Effective date | New SV-Rate |
| Adelaide Bank/ | -0.35 | 21 May | 7.10% |
| AMP | -0.35 | 21 May | 7.07% |
| ANZ | -0.37 | 18 May | 7.05% |
| Bank of Queensland ( BOQ) | -0.35 | 11 May | 7.11% |
| Bank of Melbourne | -0.41 | 14 May | 6.99 % |
| Bankwest | -0.32 | 14 May | 6.98% |
| Citibank | -0.33 | 14 May | 7.29% |
| Commonwealth Bank | -0.40 | 11 May | 7.01 |
| Heritage Bank | -0.30 | 11 May | 6.74% |
| Homeside Lending | -0.32 | 11 May | 7.02% |
| ING Bank | -0.30 | 11 May | N/A |
| Macqauire Bank | -0.34 | 9 May | 7.06% |
| NAB | -0.32 | 4 May | 6.99% |
| Police and Nurses Mutural bank | N/A | ||
| St George Bank / Bank SA | -0.38 | 14 May | 7.04% |
| Suncorp Bank | -0.35 | 14 May | 7.08% |
| Rock Building Society | -0.30 | 18 May | 7.29% |
| Westpac | -0.37 | 14 May | 7.09% |
| Wide Bay Australia Lending | -0.32 | 31 may | 7.14% |
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