MPA Lender Update - 14/10/2015

Westpac increases variable rates | Adelaide Bank cuts rate

Westpac increases variable rates | Adelaide Bank cuts rate

MPA Lender Update is your same-day product information service, bringing together updates from all lenders

RATES
Westpac increases its headline home loan (owner occupied) variable rate by 20bp to 5.68% per annum (comparison rate 5.82% per annum). 

Westpac increases its headline residential investment property variable rate by 20bp to 5.95% per annum (comparison rate 6.09% per annum).

Both rate changes are effective 20 November 2015.

Adelaide Bank cuts 0.05% in the interest rate for all new loans across its SmartSaver, SmartFit, Investment SmartSaver and Investment Smartfit variable products, effective Friday 16 October. 

PRODUCT
No changes today

POLICY
No changes today

COMMISSIONS
No changes today

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