Credit Union SA announces interest rate changes

21 June 2019

| Announcements

In response to the Reserve Bank of Australia rate reduction on 4 June 2019, we are pleased to announce we have reduced our variable home loan rates.

Effective Thursday 27 June 2019

Variable Rate Home Loans

All new and existing variable rate home loans have been reduced by 0.20% pa.

The only exceptions are:

  1. the Variable Package Special Offer rates as they have already been significantly reduced (information below); and
  2. 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).

Savings Accounts

We have also made changes to our Savings Accounts rates.

Effective Friday 21 June 2019

Term Deposit

We have made changes to our Term Deposit rates.

Effective Monday 17 June 2019

Variable Home Loan Package Special Offer

We have further reduced our Variable Home Loan Package Special Offer rates following the RBA rate reduction. Here are the changes:

Principle and InterestNew RateComparison Rate
Owner Occupied Variable Home Loan Package^13.49% pa3.90% pa
Investment Variable Home Loan Package^13.89% pa

4.29% pa

If you have any questions please call (08) 8202 7777 or visit us at 400 King William Street, Adelaide.

^Conditions and annual package fee of $395 applies.

1This offer is available on new loans with minimum new borrowings of $150,000 and a maximum loan to value ratio of 80%. Bridging loans are not eligible for this offer.

Information and interest rates are correct on the date of publication and are subject to change. Conditions, fees and lending criteria apply and are available on request. Comparison rates are based on a $150,000 secured loan for 25 years. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

Credit Union SA Ltd, AFSL/Australian Credit Licence Number 241066

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Call us on (08) 8202 7777 or visit us at 400 King William Street, Adelaide

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