Login
ISCOVER
One of Australia’s banks has cut its three-year fixed rate to just 4.94 per cent.
Yesterday, ME Bank announced it would trim its three-year fixed rate by 5 basis points to offer the new rate.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
The bank made cuts to its three-year fixed home and investment loans across the Super Members Home Loan and Member Equity Home Loan range, including loans within a Members' Package.
The cuts make ME Bank’s three-year fixed loans some of the most competitive available.
ME Bank chief executive Jamie McPhee said borrowers have a great opportunity to lock in low rates.
“Fixing lets borrowers lock in low rates over the longer term, which can help you pay off your home loan faster,” he said.
“It also provides an insurance policy against increasing interest rates and provides cash flow certainty if your current circumstances mean higher rates would put you under stress.”
