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Following the Reserve Bank’s recent decision to further increase Australia’s cash rate by 0.25%, People’s Choice will be lifting its variable mortgage rates.
All People’s Choice existing variable rate home loans will increase by 0.25% p.a., as will variable business loans. The changes will be effective from 22 June 2023.
Rates on savings accounts and term deposits are still being considered, with a decision expected shortly.
For any member feeling financial pressure, we have a range of support materials available through our financial wellbeing hub, the home loan FAQs page on our website and via our extensive network of lending specialists.
All People’s Choice existing variable rate home loans will increase by 0.25% p.a., as will variable business loans. The changes will be effective from 22 June 2023.
Rates on savings accounts and term deposits are still being considered, with a decision expected shortly.
For any member feeling financial pressure, we have a range of support materials available through our financial wellbeing hub, the home loan FAQs page on our website and via our extensive network of lending specialists.