Credit Union SA announces July interest rate changes


Credit Union SA

Member Experience Team

12 July 2019

| Announcements

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:

  1. new and existing owner-occupied interest only repayment home loans which have been reduced by 0.10% pa;
  2. existing lines of credit and home equity accounts which have been reduced by 0.10% pa;
  3. Variable Package Special Offer rates will be reduced, the details of which will be communicated closer to the effective date; and
  4. 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

Savings Accounts

We are also making changes to our Savings Accounts rates, which you can view from the effective date.

Effective Friday 12 July 2019

Term Deposit

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.

This is general advice only and doesn’t take into account your objectives, financial situation or needs. Conditions, fees and lending criteria apply and are available on request.

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