St George slashes interest rate

1 minute read

St George slashes interest rate

by webmaster 03 June 2010 1 minute read

St George has slashed 40 basis points off its two year fixed rate in a bid to reposition itself as a competitive major lender.

by webmaster
June 03, 2010

This reduction takes the St George two year fixed rate home loan to 7.14 per cent.

In addition to the 0.4 per cent reduction, borrowers will also be eligible for a further 0.15 per cent discount provided they opt for the St George advantage package loan.

The major’s chief executive Greg Bartlett said the rate decrease would be welcome news for home loan customers looking to lock in a competitive, fixed rate home loan.

“For customers seeking interest rate certainty, St George’s 2 year fixed rate home loan now represents even better value for money,” he said.


The announcement comes just one week after ANZ announced it would trim the fat on its three, four and five year fixed rates.

ANZ slashed six basis points from its three-year fixed rate, 19 basis points from its four-year fixed loan and nine basis points from its five-year loan.

St George slashes interest rate
spi logo

From the web

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.