Latest RBA announcement

The Reserve Bank of Australia (RBA) cut the official cash rate to 0.5% when it met on 3 March 2020. This was followed by a second rate cut, when the RBA broke its cycle to cut the official cash rate to a record low of 0.25% on 19 March 2020.

What should I do if my lender hasn’t changed their rate?

If you think you could be getting a better deal, it’s a great idea to check in with your Aussie Broker to review your options, particularly if your circumstances have recently changed.

Aussie Brokers are available over the phone, by email or via a video chat to discuss your home loan and any potential savings you may be eligible for.

Find your lender to see the most current rate cut

Adelaide Bank

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 27 March 2020 (New and Existing Customers)

AMP

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 30 March 2020 (New and Existing Customers)

ANZ

Rate type: Variable OO P&I, OO IO, INV P&I

March Rate Change 1 (3 March 2020): -.25%

Effective date: 13 March 2020 (New and Existing Customers)

March Rate Change 2 (19 March 2020):  -0.15%

Effective date: 27 March 2020 (New and Existing Customers)

Aussie Home Loans

Aussie Select

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 24 March 2020 (New and Existing Customers)

Aussie Activate (*depending on loan type)

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.20% to -.25%

Effective date: 16 March 2020 (New and Existing Customers)

Aussie Elevate

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 27 March 2020 (New and Existing Customers)

Aussie Optimiser/IQ

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date:  19 March 2020 (New and Existing Customers)

Bank of Melbourne

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 17 March 2020 (New and Existing Customers)

Bank SA

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 17 March 2020 (New and Existing Customers)

Bankwest

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 18 March 2020 (New and Existing Customers)

CommBank

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 24 March 2020 (New and Existing Customers)

Heritage Bank

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.20%

Effective date: 25 March 2020 (New and Existing Customers)

Homestart

Rate type: Variable OO P&I, OO IO, INV P&I

March Rate Change 1 (3 March 2020): -.25%

Effective date: 1 April 2020 (Existing Customers) 3 March 2020 (New Customers)

March Rate Change 2 (19 March 2020):  -0.15%

Effective date: 24 March 2020 (New and Existing Customers)

HSBC

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 23 March 2020 (New and Existing Customers)

ING Direct 

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 18 March 2020 (New and Existing Customers)

Keystart

Pending

Liberty

Rate type: Variable OO P&I, OO IO, INV P&I

March Rate Change 1 (3 March 2020): -.25%

Effective date: 24 March 2020 (New and Existing Customers)

March Rate Change 2 (19 March 2020):  -0.15%

Effective date: 16 April 2020 (New and Existing Customers)

Macquarie

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 19 March 2020 (New and Existing Customers)

ME

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 26 March 2020 (New and Existing Customers)

MyState

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 31 March 2020 (New and Existing Customers)

NAB

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 13 March 2020 (New and Existing Customers)

P&N Bank

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 20 March 2020 (New and Existing Customers)

Pepper (*depending on loan type)

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.20% to -.25%

Effective date: 16 March 2020 (New and Existing Customers)

St George

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 17 March 2020 (New and Existing Customers)

Suncorp

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 20 March 2020 (New and Existing Customers)

Virgin Money

Rate type: Variable OO P&I, OO IO

March Rate Change 1 (3 March 2020): -.17%

Effective date: 03 April 2020 (New and Existing Customers)

Westpac

Rate type: Variable OO P&I, OO IO, INV P&I, INV IO

March Rate Change 1 (3 March 2020): -.25%

Effective date: 17 March 2020 (New and Existing Customers)

Note: Those pending will be updated once communicated.

Find out more

• Read about the RBA's decision on the RBA website
• Read the SMH's analysis of the announcement on the Sydney Morning Herald's website