CUA to cut standard variable rate for home owners by 0.25 percent p.a.

Member-owned financial services provider CUA will lower its standard variable rate for home owners by 0.25 percent from 19 May.

The new standard variable rate for owner-occupiers will be 4.81 percent p.a.

The standard variable rate for investors will fall by 0.20 percent to 5.22 percent p.a. 

Other interest rate reductions to variable home loan rates for owner occupiers and investors will be applied.

CUA’s Rate Breaker Package will be reduced by 0.24 percent to 4.37 percent p.a., effective 17 May 2016.

The Rate Breaker Package investor rate will fall to 4.67 percent p.a.