Australian Unity Bank announces interest rate changes

14 November 2023

Tags: Media

Following the Reserve Bank of Australia’s (RBA) decision to increase the official cash rate by 0.25 per cent on Tuesday 7 November, Australian Unity Bank has announced changes to its home loan interest rates.

Effective from Thursday 16 November, home loan variable interest rates for new and existing customers will increase by 0.25 per cent.

Australian Unity Bank’s Easy Saver Plus continues to offer new customers applying online a total variable rate of 5.10 per cent p.a. for the first four months.

Matthew Ricker, Chief Executive Officer at Australian Unity Bank, said Australian Unity is aware the RBA’s decision to lift interest rates will impact customers differently.

“For the past 18 months, we have been actively supporting borrowers and customers who may be impacted by the current interest rate environment.”

“We highly encourage customers to reach out to our experienced team for a discussion about what options and support may be available to you.”

New and existing customers can contact Australian Unity Bank on 1800 288 300.

-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.

Related article

Australian Unity named in AFR Sustainability Leader list for third consecutive year

Australian Unity has been recognised as one of the Australian Financial Review’s (AFR) Sustainability Leaders for the third consecutive year. This accolade acknowledges Australian Unity’s $50 million wellbeing-based sustainability-linked loan (SLL) with Westpac Bank.

Read more

Australian Unity’s sustainable cash and fixed interest manager Altius Asset Management to be acquired by Australian Ethical

Australian Unity’s Wealth & Capital Markets platform (W&CM) announced today it will sell its circa. $2 billion sustainable cash and fixed interest manager, Altius Asset Management (Altius) to Australian Ethical (ASX: AEF).

Read more

Australian Unity appoints Darren Dawson as General Manager, Social Infrastructure Funds

Australian Unity has appointed experienced sustainable finance and ethical investment executive, Darren Dawson, as its General Manager, Social Infrastructure Funds.

Read more

Perennial Partners to take over management of Australian Unity’s Future of Healthcare Fund

Perennial Partners (Perennial) and Australian Unity Funds Management Limited (AUFM) are pleased to announce that they have entered into agreements to transfer the investment management rights of the Australian Unity Future of Healthcare Fund (Fund) to Perennial.

Read more