March 2020 RBA rate cut how much is each bank passing and when
Posted Tuesday, 03 March 2020 at 15:21 by Shape Home Loans
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A list of the top banks and how much of the March 2020 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 3rd March 2020
Find out how much of the rate cut your bank is passing on and when.
**** This page will be updated on a daily basis ****
We have listed our top 22 lenders out of 47 that we are accredited with ( Please contact us if you require information on a bank that's not listed here)
| Lenders ( Our top 22) | March 2020 Rate Cut | Effective date |
| Adelaide Bank | -0.25% | 27th March |
| Auswide Bank | -0.25% ( OO) and -0.20% ( IP) | 20th March |
| AMP | -0.25% | 30th March |
| ANZ | -0.25% ( -0.35% for IP with I/O) | 13th March |
| Bank of Queensland ( BOQ) | -0.17% ( OO) and -0.25% ( IP) | 3rd April |
| Bankwest | -0.25% | 18th March |
| Bank of China | ||
| Citibank | -0.25% | 24th March |
| Commonwealth Bank (CBA) | -0.25% | 24th March |
| Firstmac | -0.25% | 26th March |
| Gateway Credit Union | -0.25% | 25th March |
| Heritage Bank | -0.25% | 25th March |
| ING bank | -0.25% | 18th March |
| NAB | -0.25% | 13th March |
| Macqauire Bank | -0.25% | 19th March |
| Me Bank | -0.25% | 26th March |
| Pepper Money | ||
| Resimac | -0.25% | 26th March |
| St George Bank / Bank of Melbourne (BOM) | -0.25% | 17th March |
| Suncorp Bank | -0.25% | 20th March |
| The Rock Building Society / My State Bank | ||
| Teachers Mutual Bank/ Uni Bank | ||
| Westpac Bank | -0.25% | 17th March |
OO = Owners occuiper loan
IP = Investment property loan
Answers to the following common questions?
- How much of the August rate cut is ANZ passing on and when? Reduction of 0.35% for investment loans with Interest only repayments, the rest 0.25% as of 13th March
- How much of the August rate cut is Bankwest passing on and when? Reduction of 0.25% as of 18th March
- How much of the August rate cut is Commonwealth Bank (CBA) passing on and when? Reduction of 0.25%, as of 24th March 2020
- How much of the August rate cut is NAB passing on and when? Reduction of 0.25% as of 13th March
- How much of the August rate cut is Macqauire Bank passing on and when? Reduction of 0.25% as of 19th March
- How much of the August rate cut is ING passing on and when? Reduction of 0.25% as of 18th March
- How much of the August rate cut is St George Bank passing on and when? Reduction of 0.25% as of 17th March
- How much of the August rate cut is Suncorp Bank passing on and when? Reduction of 0.25% as of 20th March
- How much of the August rate cut is Rock Building Society passing on and when?
- How much of the August rate cut is Westpac passing on and when? Reduction of 0.25% as of 17th March 2020
- How much of the August rate cut is Pepper passing on and when?
- How much of the August rate cut is Bank of china passing on and when?
- How much of the August rate cut is Citibank passing on and when? Reduction of 0.25% as of 24th March 2020
- How much of the August rate cut is Liberty passing on and when? Reduction of 0.25% as of 30th March 2020
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