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AWA passes on the full 0.75%

awa full 75

We’re sure you are aware that the Reserve Bank of Australia has implemented three reductions in the Official Interest Rate since June 2019 totalling 0.75%.  Whilst the major banks and many others have only passed on a proportion of these reductions, at AWA we always aim to do the best that we can manage for our members.

Effective 1 November 2019 our new Owner Occupied Principal & Interest Mortgage Loan rate will be 3.24% pa, representing a 0.29% reduction in your current rate. This means you have received the full reduction of 0.75% since 1 July 2019.

We take this opportunity to thank you for your business and encourage you to refer family and friends to ensure they can receive the same benefits.

Did their bank pass on the full 0.75%? 

Click here to view the full table of interest rates.

Bendigo and Adelaide Bank

AWA Mutual Limited ACN 087 651 652 (AWA) is an agent of Bendigo and Adelaide Bank Limited (Bendigo Bank) ACN 068 049 178 AFSL/Australian Credit Licence 237879 in the distribution of AWA Alliance Bank branded products and services. AWA also has arrangements with other third parties as detailed in the Financial Services Guide.

AWA Alliance Bank branded deposits and loans are deposits and loans of Bendigo Bank. This website provides general advice only and information has been prepared without taking into account your objectives, financial situation or needs. We recommend that you seek independent advice before making any decisions based on this information. Consider the relevant disclosure documents, which includes terms and conditions for the various AWA Alliance Bank products and services as this information is relevant when deciding whether to acquire or hold an AWA Alliance Bank product. AWA Alliance Bank is a trade mark of Bendigo Bank.