Following the Reserve Bank of Australia’s (RBA) decision to reduce the official cash rate last week, we’ve reviewed our interest rates to ensure we’re offering members our best rates possible.

Home Loan Interest Rates - Effective 11 March 2020

We’re pleased to announce that we’ve passed on the full RBA rate reduction on our variable home loans. We hope these rate reductions help our existing homeowners pay off their home loans sooner or enjoy some extra breathing room in their monthly budget.


New Rate

New Comparison Rate

Straightforward Home Loan (Up to $499,999)

2.69% p.a.

2.72 % p.a.

Straightforward Home Loan ($500,000+)

2.59% p.a.

2.62 % p.a.

First Home Loan (Variable rate)

3.29% p.a.

3.32 % p.a.

Economy Home Loan

3.29% p.a.

3.38% p.a.

Standard Variable Home Loan

3.90% p.a.

3.93% p.a.

Straightforward Investment Loan – Special Offer

2.84% p.a.

2.87% p.a.

Standard Variable Investment Loan


4.73% p.a.

Wealth Builder Loan

3.84% p.a.

3.87% p.a.

myHome Package

Rates from 2.85% p.a. (comparison rate 3.17% p.a.)

myWealth Package

Rates from 3.65% p.a. (comparison rate 3.95% p.a.)

Important information

  • Interest rate reductions will be effective 1 April 2020 for existing members, and 11 March 2020 for new loans
  • We’ll be emailing members affected by these changes with further information about their repayments and interest rates


Deposit Interest Rates

Due to the record low interest rate environment and narrowing margin between the interest earned on loans and paid on our deposits, we’ve made the difficult decision to reduce interest rates on our savings accounts.

Despite the rate reductions, our savings accounts continue to offer outstanding value with our Express Saver recently taking out MOZO’s Experts Choice award for best ‘No Strings Savings’.

Savings accounts - Effective 1 April 2020


New rate

Express Saver

1.25% p.a.

First Home Saver

1.25% p.a.

Bonus Saver

Base rate- 0.55% p.a.

Maximum rate- 1.75% p.a.

Our term deposit rates are still under review at this time. 

If you have any questions about these changes, please contact us on 1300 362 216 or email us at

Interest rates subject to change. All rates quoted are per annum (p.a.) Fees and charges apply. *The comparison rate is based on a secured loan of $150,000 for a term of 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. AFSL/Australian Credit License 234 536.