Skip to main content
Locate usPhone:
Logon
Financial adviceFuneral Bonds
Bendigo Bank
Personal homeFinancial adviceFuneral Bonds

Movements in interest rates

6 November 2003 |Media centre

Bendigo Bank will pass on to a range of borrowers and depositors this week’s 0.25% p.a. increase in official interest rates.

Chief General Manager of Retail Banking, Greg Gillett, said the increases would be passed on to new and existing borrowers from 1 December 2003.

“This is consistent with the approach we took when rates were falling,” he said.

Mr Gillett said Bendigo Bank would increase variable interest rates by 0.25% p.a. for home loans, business loans and credit cards effective from 1 December 2003.

Bendigo’s residential variable home loan rate will increase from 6.60% p.a. to 6.85% p.a., adding around $20 per month to a $100,000 mortgage.

The bank will also increase interest payable to a range of savings and cash management depositors.

Related Topics

Bendigo Bank
Connect with us

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

© Copyright 2021 Bendigo and Adelaide Bank