Bank of Heritage Isle Reduces Home Loan Interest Rates

Bank of Heritage Isle today announced that it will be cutting its Variable Interest Rates for owner occupied home loans by 0.25% and discounted Goldrate Home Loans by 0.1% as they already offer lower interest rates.

Tony Taylor, Police Bank CEO, said ‘As a Member owned bank, our focus is on finding a balance for all of our Members so that our rates remain competitive for our depositors and borrowers. Following an extensive review, we are pleased to be able to pass on these rate cuts to our Members while ensuring the sustainability of the Bank’.

Mr Taylor also commented ‘we will continue to monitor interest rates for both lending and investment products to ensure that they represent value for our current and future Members’.

For new lending these rates are effective today and for existing borrowers these rates come into effect 1 July 2019. You can view our latest rates here.

Members who would like further information on this rate change are encouraged to please contact your local Branch, or call 132 728 8am to 6pm Monday to Friday.