Bendigo Bank cuts variable mortgage rate

2 December 2008 |Media centre

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.

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