Updates to interest rates on BCU products
In response to the Reserve Bank of Australia’s (RBA) cash rate increase of 0.50% p.a. on Tuesday 6 September 2022, we will be increasing our interest rates across several deposit and lending products.
The complete list of upcoming rate changes for BCU products can be found below.
Effective from Wednesday 28 September 2022, the following changes to our variable home loan interest rates will apply:
| Owner Occupied Home Loans | Current rate | New rate |
| Offset Home Loan < 60% LVR (P&I) | 3.84% p.a. | 4.09% p.a. |
| Offset Home Loan 60% - 80% LVR (P&I) | 3.99% p.a. | 4.24% p.a. |
| Offset Home Loan 80% - 95% LVR (P&I) | 4.19% p.a. | 4.49% p.a. |
| OMG Home Loan < 60% LVR (P&I) | 3.59% p.a. | 3.99% p.a. |
| OMG Home Loan 60% - 80% LVR (P&I) | 3.79% p.a. | 4.14% p.a. |
| OMG Home Loan 80% - 95% LVR (P&I) | 3.99% p.a. | 4.39% p.a. |
| Standard Variable Home Loan (P&I) | 5.81% p.a. | 6.31% p.a. |
| Maximum Discounted Rate Home Loan (P&I) | 5.11% p.a. | 5.61% p.a. |
| OMG Home Loan (IO) | 4.39% p.a. | 4.89% p.a. |
| Standard Variable Home Loan (IO) | 5.87% p.a. | 6.37% p.a. |
| Maximum Discounted Rate Home Loan (IO) | 5.17% p.a. | 5.67% p.a. |
| All-in-One Line of Credit | 5.94% p.a. | 6.44% p.a. |
| Maximum Discount All-in-One Line of Credit | 5.24% p.a. | 5.74% p.a. |
| Bridging Loan | 7.26% p.a. | 7.76% p.a. |
| Investment Home Loans | Current rate | New rate |
| Basic Investment Loan < 70% LVR (P&I) | 3.99% p.a. | 4.29% p.a. |
| Basic Investment Loan > 70% LVR (P&I) | 4.24% p.a. | 4.54% p.a. |
| Standard Variable Home Loan (P&I) | 5.47% p.a. | 5.57% p.a. |
| Maximum Discounted Rate Home Loan (P&I) | 4.77% p.a. | 4.87% p.a. |
| Basic Investment Loan (IO) | 4.44% p.a. | 4.94% p.a. |
| Standard Variable Home Loan (IO) | 6.07% p.a. | 6.57% p.a. |
| Maximum Discounted Rate Home Loan (IO) | 5.37% p.a. | 5.87% p.a. |
| All-in-One Line of Credit | 6.10% p.a. | 6.60% p.a. |
| Maximum Discount All-in-One Line of Credit | 5.40% p.a. | 5.90% p.a. |
Effective from Tuesday 20 September 2022, the following changes to our savings account interest rates will apply:
| Savings accounts | Tier | Current rate | New rate |
| Advantage Saver | $0 - $1,999.99 (no change) | 0.00% p.a. | 0.00% p.a. |
| $2,000 - $47,999.99 | 1.00% p.a. | 1.50% p.a. | |
| $48,000+ | 1.30% p.a. | 1.80% p.a. | |
| bcu iSaver | $0 - $999.99 (no change) | 0.00% p.a. | 0.00% p.a. |
| $1,000 - $19,999.99 | 1.45% p.a. | 1.70% p.a. | |
| $20,000 - $249,999.99 | 1.75% p.a. | 2.00% p.a. | |
| $250,000+ | 2.00% p.a. | 2.25% p.a. | |
| bcu Business iSaver | $0 - $4,999.99 (no change) | 0.15% p.a. | 0.30% p.a. |
| $5,000+ | 0.50% p.a. | 0.85% p.a. | |
| bcu SMSF Cash iSaver | $0 - $999,999.99 | 0.30% p.a. | 0.85% p.a. |
| $1,000,000+ | 0.00% p.a. | 0.85% p.a. |