Following the Reserve Bank’s announcement to lower the official cash rate by 0.25%, BankVic will make the following changes.
Lower interest rates on 1 and 2 year fixed rate owner occupied home loans effective 25th March 2020:
1 year Fixed Rate: 2.19% (Comparison rate: 3.76%)
2 year Fixed Rate: 2.19% (Comparison rate: 3.62%)
Increase the interest rate of the Pension Plus savings account from 1.65% to 1.75%, effective 1 April 2020 to support the savings of our most vulnerable members.