NAB third of the big-four banks to announce interest rate cuts

Staff ReporterMarch 2, 20200 min read

NAB has become the third of the 'big-four' banks to declare that they will pass on the interest rate cuts announced today by the RBA. 

Westpac were the first of the big four to pass after the RBA announcement

For the fourth cut in a row, Athena Home Loans cut first, in full. They've now passed on every RBA rate cut.

St George, Bank of Melbourne, and Rams have also announced their intention to pass on the cuts to customers, bringing to total number of financial institutions doing so to 12.

Athena, Homestar, Reduce Home Loans, and remain the only groups to have made the decision 'effective immediately,' with other lenders scheduling their cuts for between the 4th and the 24th of March.

Staff Reporter

Interest Rates
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