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Bankwest has decided to up its variable mortgage rates.
Bankwest revealed that it will be lifting variable home loan interest rates by 18 basis points effective 17 November 2015.
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Bankwest’s standard variable rate is now 5.65 per cent and investor variable rate is now 5.97 per cent.
The CBA-owned lender said its home loan variable interest rates remain some of the most competitive in the market.
The move by Bankwest follows yesterday’s 20-basis-point rate hike from ME.
All four major banks have raised their variable rates. Westpac moved first with a 20-basis-point rate hike announced on 14 October.
CBA followed with a 15-basis-point rate rise across its variable mortgages, NAB with a 17-basis-point rise and ANZ with an 18-basis-point increase.
[Revealed: NAB Broker reveals new rates]
