Westpac interest rates cuts
“We have also announced a new fixed rate of 2.98 per cent for homeowners paying principal and interest with either two or three year terms available from tomorrow. Westpac today announced it will decrease variable home loan interest rates by .15% per annum (p.a.) following the Reserve Bank of Australia’s decision to reduce the official cash rate. The following interest rate changes will come into effect on Wednesday 16 October 2019: Variable home loan (owner occupier) rate has been reduced by .15% p.a. to 4.83% p.a. for customers with principal and interest repayments. 03/03/2020 Westpac reduces interest rates by 0.25% p.a. for home loan and small business customers Westpac has today announced it will decrease variable interest rates by 0.25% per annum (p.a.) for home loan customers, as well as rates on small business cash-based loans and overdrafts.