Ubank, a division of NAB, is increasing its savers bonus interest rate to 4.25% p.a. for eligible holders of a USave account.
This is in effect from 1 March 2023, for those who deposit $200 or more per month into any of their USpend or … Read the rest
The RBA announced that the Australian Cash Rate would change to 3.1% on 6th December 2022. The new rate comes into effect the day after.
This increase of 0.25% was expected by most experts.
6 December 2022 Media Release.
At its meeting today, the Board decided to increase the cash … Read the rest
The RBA announced that the Australian Cash Rate would change to 2.85% on 1st November 2022. The new rate comes into effect the day after.
This increase of 0.25 was lower than many expected.
1 November 2022 Media Release.
At its meeting today, the Board decided to increase the cash … Read the rest
The Reserve Bank of Australia increased its Cash Interest rates from 2.35% to 2.6%, on 4th October 2022.
Although this is the highest since 2014, it is not near the 17.5% in January 1990.
Between 1990 and September 2022 the average rate had been 3.93%.
The New Zealand cash rate … Read the rest
The Bank of Queensland has announced a 4% interest rate on savings accounts for 14 to 35 year olds.
There are 2 other conditions:
You must deposit at least $1,000 per month into your linked Everyday Account and make 5 eligible … Read the rest
The Reserve Bank of Australia increased its Cash Interest rates from 1.85% up to 2.35%, on 6th September 2022.
Although this is the highest since 2014, it is not near the 17.5% in January 1990.
Since 1990 the average rate has been 3.93%.
The New Zealand cash rate is currently … Read the rest
The RBA announced that the Australian Cash Rate would change to 1.85% on 2nd August 2022. The new rate comes into effect the day after.
This increase of 0.50 was expected by most analysts.
2 August 2022 Media Release.
At its meeting today, the Board decided to increase the cash … Read the rest
A comparison of selected Central Bank Interest rates (%) with date of last change.
A statement by the governor of the Reserve Bank of Australia (RBA):
“It’s not unreasonable to expect the normalisation of interest rates over the period could see them rise to 2.5 per cent.”
“How fast we will get there will be determined by events.”… Read the rest
The Commonwealth Bank will increase their base mortgage rate by 0.25%, in line with the RBA interest rate rise.
Their increase is effective from 20 May 2022.
CBA Home Loans
ANZ have announced they will increase their standard variable rate by the same 0.25%.
Their … Read the rest
