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

Home Loan Interest Rates- Effective 21 October 2019

We will be reducing interest rates across many of our owner-occupied and investment home loans by 0.10-0.25%. These cuts are in addition to previous reductions made in August to ensure our rates offered maximum value for members.  

  • Standard Variable Home Loan, myHome Package Loan, First Home Loan Discounted 1Y Introductory Rate will be reduced by 0.25%
  • Economy Home Loan, Straightforward Home Loan, First Home Loan will be reduced by 0.15%
  • Straightforward Investment Loan, Wealth Builder Loan, Standard Variable Investment Loan, myWealth Package Loan will be reduced by 0.10%


New Rate

New Comparison Rate *

First Home Loan Discounted 1Y Introductory Rate

2.94% p.a.

3.52% p.a.

Straightforward Home Loan

2.94% p.a.

2.97% p.a.

First Home Loan

3.54% p.a.

3.57% p.a.

Economy Home Loan

3.54% p.a.

3.63% p.a.

Standard Variable Home Loan

4.15% p.a.

4.18% p.a.

Straightforward Investment Loan

3.39% p.a.

3.42% p.a.

Standard Variable Investment Loan

4.95% p.a.

4.98% p.a.

Wealth Builder Loan

4.09% p.a.

4.12% p.a.

myHome Package

Rates from 3.10% p.a., visit the product page for more information.

myWealth Package

Rates from 3.90% p.a., visit the product page for more information.

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.

Important information

  • Interest rate reductions will be effective 1 November 2019 for existing members, and effective 21 October 2019 for new loans
  • We will be emailing members affected by these changes with further details in relation to their rates and repayments

Deposit Interest Rates

Due to the continuing pressure on the margin between the interest earned on loans and paid on our deposits, we have made the difficult decision to reduce interest rates on our savings accounts and term deposits.

Despite the rate reductions, our savings accounts continue to offer outstanding value and have recently been awarded with an exclusive 5-Star rating from Canstar in the Flexible Saver category.

Savings accounts - Effective 1 November 2019

New rate

Express Saver

1.50% p.a.

First Home Saver

1.50% p.a.

Christmas Saver

0.25% p.a.

Bonus Saver

Base rate- 0.80% p.a.

Bonus rate- 1.20% p.a.

Maximum rate- 2.00% p.a.


Term Deposits- Effective 21 October 2019

New rate


3 Months i3

1.50% p.a.

4 Months i4

1.50% p.a.

5 Months i5

1.50% p.a.

6 Months i6

1.50% p.a.

7 Months i7

1.50% p.a.

8 Months i8

1.50% p.a.

9 Months i9

1.50% p.a.

10 Months i10

1.50% p.a.

11 Months i11

1.50% p.a.

12 Months i12

1.50% p.a.

13 to 14 Months i13

1.50% p.a.

15 to 24 Months i30

1.50% p.a.

12 to 14 Months i40

1.40% p.a.

15 to 24 Months i50

1.40% p.a.


If you have any questions about these changes, please contact our Member Experience Team 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.