St George Bank cuts three-year fixed-rate mortgage to 5.49% per annum

Westpac subsidiary St George Bank has cut its three-year fixed home loan rate by 10 basis points to 5.49% per annum following last week’s cut to its fixed rates for one and two-year home loans.

The new three-year fixed home loan rate is available under its St George's Advantage Package offering and is effective from today.

St George offers its one- and two-year fixed rates at 5.49% per annum and offers a rate of 5.89% per annum for four- and five-year fixed home loans under the Advantage Package.

The bank now offers the lowest fixed rates in the market, when compared with the big four banks for fixed home loans from one to five years' duration.

Yesterday Westpac announced cuts to its fixed-rate home loan offerings under its Premier Advantage Package, with its three-year fixed loan reducing 0.1 percentage points to 5.54%.

 

    Larry Schlesinger

    Larry Schlesinger

    Larry Schlesinger was a property writer at Property Observer

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