March 23rd, 2023
Following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate by 0.25% to 3.60% on March 7th, we have been reviewing the balance between passing on the interest rate rise to our borrowers as well as our deposit holders.
Variable Home Loans
Effective 23rd March 2023 ,we have increased the interest rates for new variable home loan borrowers by 0.25%.
Effective 1 April , we will be increasing the interest rate for existing home loan borrowers (both Owner Occupier and Investment) by 0.25%, affecting repayments from 1 May 2023.
Personal Loans
Effective March 23rd 2023, we have increased the variable interest rate for new personal loans by 0.25%.
Effective 1 April , we will be increasing the interest rate for existing variable personal loan borrowers by 0.25%, affecting repayments from 1 May 2023.
Effective 23rd March 2023 , we have increased our 12 month Term Deposits, our I12 Term Deposit has increased to 4% p.a. and our I24 Term Deposit has increased to 3.95% p.a.
We are here to help, and we encourage any member who may need help to get in touch with our team on 134 374 so we can tailor a financial solution for them.
Contact Us
Ph: 134 374
Email: info@heritageisle.com.au
Facebook: BankofHeritageIsle
Instagram: @BankOfHeritageIsle
Bank of Heritage Isle Head Office
25 Pelican Street
Surry Hills NSW Australia 2010
BSB 723 000