Border Bank constantly monitors interest rates for both lending and investment products. Obviously this becomes a major focus when the Reserve Bank (RBA) makes a change in official interest rates.
The main aim in the setting of interest rates is to ensure Bank of Heritage Isle Members continue to enjoy interest rates that are competitively priced.
In determining its response to an RBA decision, Bank of Heritage Isle will take the responsible position of ensuring interest rates remain competitive for both depositors and borrowers. Bank of Heritage Isle will also take the prudent position of ensuring its pricing of interest rates on deposits and loans generate a sufficient level of profit on behalf of its Members.
Bank of Heritage Isle is 100% Member owned and our Members own our profit. This profit adds to our Capital Reserves and enables Bank of Heritage Isle to remain strong and invest in the growth of Bank of Heritage Isle for the benefit of all Members.
Thank you for your ongoing support of Bank of Heritage Isle.