Suncorp Bank reduces rates by 0.25% pa
Suncorp Bank has followed the RBA’s interest rate decision and cut it’s variable home loan interest rates by 0.25% per annum to 6.24%, effective May 24 2013.
Suncorp Bank chief executive officer David Foster said Suncorp followed the RBA’s decision to cut the official interest rate to encourage sustainable growth in the economy.
“This rate cut will provide some welcome relief for home owners and small businesses, with the retail sector also likely to benefit from any boost in consumer and business confidence,” says Foster.
Suncorp Bank’s standard variable home loan is currently 6.39% per annum.
Nicola Trotman
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