bankwest fixed rate home loan now at 5.49 percent p.a.
27 November 2008
- 5.49 per cent p.a. (comparison rate of 7.38%p.a. ) special two year fixed rate home loan lowest in market
Ahead of the RBA's board meeting next week, bankwest has reduced its fixed rate home loan for two years to 5.49 per cent p.a. (comparison rate of 7.38 per cent p.a. ),effective 27 November 2008.
The fixed rate loan is the most competitive in the market beating its nearest rival by 50 basis points.
bankwest's Head of Mortgages and Savings Paul Vivian said changes in market conditions meant bankwest could continue to reduce some of its, already highly competitive, fixed rate products.
"We haven't seen rates like these in a while and as the market changes, we continue to assess our portfolio to ensure we are as competitive as we can be, "he said.
bankwest also reduced its one year fixed rate home loan to 5.99 per cent p.a. (comparison rate of 7.65 per cent p.a).
More information on the fixed rate homeloans can be found at www.bankwest.com.au.
bankwest Fixed Rate Home Loan
* The rate quoted as the special 2 year fixed rate is available for a limited time only.
* Lending criteria, fees and charges apply.
* Terms and conditions apply and are available on request.
* Rates effective 27 November 2008 and subject to change.
About bankwest
bankwest is a wholly owned subsidiary of HBOS plc, one of the world's largest financial services groups, with assets of about AUD$800 billion (£380 billion). bankwest is a full service bank which originated in Western Australia in 1895 and services more than 860,000 customers. Nationally, bankwest promotes a range of products using cost-effective direct and third party distribution channels, including 24-hour telephone and internet services and mortgage brokers. In WA, bankwest is a market leader with about one quarter of all bank advances and deposits and an extensive network of branches. Standard & Poors short-term credit rating for bankwest is "A-1" and "A+" for the long term, providing customers with investment grade security.
