News Rate Change Notification (Nov 2011)
Please note the following rate changes, following the RBA announcement on 1 Nov 2011.
Savings Accounts - effective 1 Jan 2012
- GST/Tax Saver (S2/S8) account to decrease by 0.25%
- Budget Saver (S4/S7) account to decrease by 0.25%
- Special Purpose (S6) account to decrease by 0.25%
- iT Saver (S50) account to decrease by 0.25% (on balances $2,000+)
- Cash Management (S15) account to decrease by 0.25%
- Agency Bonds (S42) account to decrease by 0.25%
Note: First Option has also changed the rates and tiers of the Bonus Saver (S14) account, effective 1 Dec 2011. For more information view our interest rates.
New Loans - effective 10 Nov 2011
- Cash Secured Loan to decrease to 7.06%
- Mortgage Loan (variable) to decrease to 7.06%
- Mortgage Loan (fixed 1 year) to decrease to 6.80%
- Mortgage Loan (fixed 2 years) to decrease to 6.85%
- Mortgage Loan (fixed 3 years) to decrease to 6.80%
- Personal Loan (fixed 1 year) to decrease to 9.99%
- Personal Loan (fixed 2 years) to decrease to 10.99%
- Personal Loan (fixed 3 years) to decrease to 11.99%
- Mortgage Commercial Loan to decrease to 7.06%
- Cash Secured Business Loan to decrease to 7.06%
Existing Variable Loans - effective 1 Dec 2011
- Cash Secured Loan (L3) to decrease to 7.06%
- Mortgage Loan (L4) to decrease to 7.06%
- Second Mortgage Loan (L7) to decrease to 9.06%
- Cash Secured Business Loan (L33) to decrease to 7.06%
- Mortgage Business Loan (L34) to decrease to 7.06%
- Securitised Variable Loan (L70) to decrease to 7.06%
New and Existing Overdrafts - effective 1 Dec 2011
- Mortgage Overdraft (S3) to decrease to 8.06%
For more information please refer to the Interest Rate page or contact First Option.
