Bendigo Bank cuts variable mortgage rate
Bendigo Bank today announced a reduction of 1.00% in its residential variable home loan rate.
The new rate of 6.80% p.a. will become effective from 12 December 2008.
The reduction also applies to home loans written through the Adelaide Bank branch network.
Today’s announcement follows a reduction of 1.00% in the official cash rate announced earlier by the Reserve Bank of Australia.
Bendigo and Adelaide Bank is reviewing other lending and deposit rates.