Credit Union SA announces July interest rate changes
12 Jul 2019
In response to the Reserve Bank of Australia’s rate reduction on 2 July 2019 (the second in a row), we are pleased to announce we will be reducing our variable home loan rates.
Effective Wednesday 24 July 2019
Variable Rate Home Loans
All new and existing variable rate home loans will be reduced by 0.20% pa.
The only exceptions are:
- new and existing owner-occupied interest only repayment home loans which have been reduced by 0.10% pa;
- existing lines of credit and home equity accounts which have been reduced by 0.10% pa;
- Variable Package Special Offer rates will be reduced, the details of which will be communicated closer to the effective date; and
- that no existing rates for home loans will be reduced below the new Variable Package Special Offer rates.
Existing members with variable rate home loans will receive confirmation of their new interest rate and new repayment amount or maturity date (whichever is applicable).
Effective Thursday 25 July 2019
We are also making changes to our Savings Accounts rates, which you can view from the effective date.
Effective Friday 12 July 2019
We have made changes to our Term Deposit rates.
If you have any questions please call (08) 8202 7777 or visit us at 400 King William Street, Adelaide.