From 15 December 2022, the following changes were made to Australian Unity’s home loan products:

• increased variable home loan interest rates for new and existing customers by 0.25% p.a.
• increased 1 year fixed rates for owner occupier and investor home loans by 0.10% p.a.
• increased 2 year fixed rates for owner occupier and investor home loans by 0.20% p.a.
• increased 3 year fixed rates for owner occupier home loans by 0.09% p.a.
• increased 3 year fixed rates for investor home loans by 0.08% p.a.
• decreased 5 year fixed rates for owner occupier home loans by 0.20% p.a.
• decreased 5 year fixed rates for investor home loans by 0.30% p.a.

From 6 December 2022, the following changes were made to Australian Unity’s savings and term deposit products:

• increased Active Saver and Easy Saver account deposit interest rates by 0.55% p.a.
• increased Freedom Saver deposit interest rates by 1.25% p.a. for balances up to $500,000
• increased Net Invest, Cash Management, SMSF Cash Management and Golden Saver account deposit interest rates by 0.25% p.a.
• increased 6 month term deposit interest rates by 1.25% p.a.
• increased 9 month term deposit interest rates by 0.50% p.a .
• increased 1 year term deposit interest rates by 0.10% p.a.
• increased 18 month term deposit interest rates by 0.10% p.a.
• increased 2 year term deposit interest rates by 0.10% p.a.

Matthew Ricker, Chief Executive Officer at Australian Unity Bank, said the decision to make these changes is not taken lightly.

“We carefully review our current interest rates, balancing the needs of our customers and depositors together with the broader market,” said Mr Ricker.

“Our interest rate changes aim to provide competitive lending and deposit products for new and existing customers.”

Mr Ricker said Australian Unity Bank understands increasing home loan rates is adding additional pressure on the cost of living for many households.

Australian Unity Bank encourages customers experiencing financial difficulty to get in touch with its team as soon as possible for assistance.

New and existing customers can contact Australian Unity Bank on 1300 790 740.

-ends-

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.