The RBA may be sitting on the sidelines, but lenders certainly aren’t.
The RBA yesterday chose to leave the official cash rate on hold at 1.50%, a move predicted by all the experts in the finder.com.au Monthly RBA survey. Lenders are showing their independence, and are continuing to move on rates. Below, you can find a full list of the lenders who’ve moved out-of-cycle with the RBA in May. We’ll continue to update as more lenders announce.
Big four bank changes
| Lender | Change | Loans affected | Date effective |
|---|
| CBA | Up 0.03% - 0.26 | Variable Rate Home Loans (owner occupier + investor, principal and interest + interest only) | 8 May |
All other rate changes
| Lender | Change | Loans affected | Date effective |
|---|
| Bank of Melbourne | Up 0.03% - 0.30% | Variable Rate Home Loans (owner occupier + investor, principal and interest + interest only) | 8 May |
| BankSA | Up 0.08% - 0.32% | Variable Rate Home Loans (owner occupier, interest only), Variable Rate Home Loans (investor, principal and interest + interest only) | 8 May |
| Bankwest | Down 0.16% | Equaliser Home Loan (owner occupier) | 18 May |
| CUA | Up 0.01% | Rate Breaker Package (owner occupier + investor) | 16 May |
| Heritage Bank | Up 0.10% | Discount Variable (owner occupier + investor, new customer only), Standard Variable (owner occupier, new customer only), Advantage Package Standard Variable (owner occupier, new customer only), Bridging Loan (owner occupier + investor, new customer only) | 4 May |
| Heritage Bank | Down 0.05% | Advantage Package Standard Variable (investor, new customer only) | 4 May |
| HSBC | Up 0.10% | Home Value Loan - variable (owner occupier) | 29 May |
| ING Direct | Down 0.10% | Orange Advantage - LVR <=80% (owner occupier), Mortgage Simplifier - LVR <=80% (owner occupier) | 5 May |
| Newcastle Permanent Building Society | Down 0.10% | Premium Plus Package New Customer (principal and interest + interest only) | 1 May |
| People's Choice Credit Union | Up 0.04% - 0.25% | Home Loan Package - variable (special offer, investor), Basic Variable (owner occupier + investor), Standard Variable (owner occupier + investor) | 23 May |
| St. George | Up 0.08% - 0.31% | Variable Rate Home Loans (owner occupier, interest only), Variable Rate Home Loan (investor, principal and interest + interest only) | 8 May |
| Lender | Change | Loans affected | Date effective |
|---|
| Bank of Queensland | Down 0.15% - 0.20% | Fixed Rate Home Loan - 3 Years Discounted Rate (owner occupier + investor, principal and interest) | 25 May |
| MOVE | Down 0.05% | Lockit Home Loan - 3 Years Fixed | 12 May |
| Newcastle Permanent Building Society | Down 0.10% | Fixed Rate Home Loan - 4, 5 Years (owner occupier, principal and interest + interest only), Standard Fixed Rate - 4, 5 Years (owner occupier, principal and interest + interest only) | 1 May |
| Newcastle Permanent Building Society | Down 0.10% | Standard Fixed Rate - 1, 2, 3, 4, 5 Years Fixed (principal and interest + interest only), Special Fixed Rate - 1, 2, 3, 4, 5 Years Fixed (owner occupier, principal and interest + interest only) | 8 May |
| Newcastle Permanent Building Society | Down 0.15% | Standard Fixed Rate - 1, 2, 3, Years Fixed (principal and interest + interest only), Special Fixed Rate - 1, 2, 3, Years Fixed (owner occupier, principal and interest + interest only) | 22 May |
The RBA may be sitting on the sidelines, but lenders certainly aren’t.
