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AWA Remains Sharp In A Shifting Market

rate rise

You may be aware that there has been a considerable amount of commentary from the major banks recently in relation to their cost of funding and as a result three of the major banks have increased their rates by an average of 0.15% pa (Westpac 0.14% pa, CBA 0.15% pa and ANZ 0.16% pa).

The AWA Board have held off following suit for as long as possible, but unfortunately now have no alternative.  As a result our Owner Occupied Principal & Interest Mortgage Loan rate will increase by 0.06% from 3.93%* to 3.99%* with effect from 27 October 2018.

The Board are very conscious of the impact this increase has on members and have been able to limit the increase to an amount which is well below the increases referred to above. Consequently our home loan interest rate remains extremely competitive in the market place at 3.99% pa. Comparison rate 3.99%

Bendigo and Adelaide Bank

AWA Mutual Limited ACN 087 651 652 (AWA) is an agent of Bendigo and Adelaide Bank Limited (Bendigo Bank) ACN 068 049 178 AFSL/Australian Credit Licence 237879 in the distribution of AWA Alliance Bank branded products and services. AWA also has arrangements with other third parties as detailed in the Financial Services Guide.

AWA Alliance Bank branded deposits and loans are deposits and loans of Bendigo Bank. This website provides general advice only and information has been prepared without taking into account your objectives, financial situation or needs. We recommend that you seek independent advice before making any decisions based on this information. Consider the relevant disclosure documents, which includes terms and conditions for the various AWA Alliance Bank products and services as this information is relevant when deciding whether to acquire or hold an AWA Alliance Bank product. AWA Alliance Bank is a trade mark of Bendigo Bank.