Credit Union SA announces interest rate changes


Credit Union SA

Member Experience Team

16 Mar 2020

| Announcements

In response to the Reserve Bank of Australia’s rate reduction on 3 March 2020, we are pleased to announce we have reduced our variable home loan rates. 

We will also be reducing some of our Savings and Transaction Account rates.

Effective Saturday 14 March 2020

Term Deposits

We are making changes to Term Deposit rates, which you can view from the effective date.

Effective Wednesday 25 March 2020

Variable Rate Home Loans

We are pleased to announce that we are passing on the full 0.25% pa reduction to existing variable rate home loans!

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).

The only exception to this is the Owner-Occupied Variable Package Special Offer 2.89% pa^1 (comparison rate 3.31% pa). As this is a recently introduced special offer, there will be no changes to this rate.

Effective Thursday 26 March 2020

Savings Accounts

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

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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