Australian Unity Bank announces change to interest rates
Following the Reserve Bank of Australia’s decision to increase the official cash rate by 0.25%, Australian Unity Bank will increase selected savings, term deposit and home loan interest rates for customers, effective Thursday 16 March.
New deposit rates
- Active Saver Account with bonus interest rate will increase by 0.30% p.a. to 4.00% p.a.
- Golden Saver Account interest rate will increase by 0.25% p.a. to 2.85% p.a for balances more than $48,001.
- Six month Term Deposit interest rate will increase by 0.15% p.a. to 3.90% p.a.
- Eighteen month Term Deposit interest rate will increase by 0.20% p.a. to 4.30% p.a.
New home loan rates
- Home loan variable interest rates for new and existing customers will increase by 0.25% p.a.
Matthew Ricker, Chief Executive Officer at Australian Unity Bank, said Australian Unity aims to balance current interest rates with the needs of depositors and customers
“We aim to ensure both our deposit and home loan rates remain competitive in the broader market. With many Australians looking at savings rates, our changes to deposit interest will support Australians achieve their financial goals in 2023.”
Australian Unity strongly encourages any customers experiencing financial difficulty to reach out to its team as soon as possible for assistance. New and existing customers can contact Australian Unity Bank on 1800 288 300.
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Media contact:
T: 1300 408 776
E: media@australianunity.com.au
About Australian Unity
Established in 1840, Australian Unity is a member-owned wellbeing company with more than 385,000 members and more than 700,000 customers. Our range of health, wealth and care products and services provides member, customer and community value that is supportive of personal and community wellbeing.