In response to the Reserve Bank of Australia's (RBA) cash rate increase of 0.25% p.a. on Tuesday 3 May 2022, bcu will be offering improved interest rates across several deposit products from as early as this week, with rate increases of up to 0.15% p.a. for savings accounts and an average increase of 0.27% p.a. for term deposits.
We will be increasing our home loan interest rates from between 0.15% - 0.25% p.a. from 1 June 2022. Our impacted members will be contacted directly in the coming weeks with information on how the rate changes will impact them.
As a customer-owned bank, we strive to continue to remain competitive in the market for both lending and deposits.
We're committed to supporting your banking with rates and features that best meet your needs, so if you'd like to get in touch to chat about your banking contact us on 1300 228 228 or visit a branch.