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June interest rate changes

Following the Reserve Bank of Australia’s increase to the cash rate by 0.25% per annum on Tuesday 6 June 2023, BCU Bank is making changes to interest rates across lending products and some savings products.

As a customer-owned bank, we strive to remain competitive for our members and balance the needs of both our borrowers and depositors when setting rates.

Our variable rate home loans will increase between 0.25% p.a and 0.30% p.a., commercial loans will increase by 0.25% p.a., term deposits will increase by up to 0.50% p.a., and some savings products are increasing by up to 0.25% p.a., effective from 21 June 2023. Members will receive communications with details relating to their specific loans, in the coming weeks.

We understand that changes to a household budget can be difficult so we encourage you to get in touch to find out what options are available to you, should you require some assistance.

If you’d like to get in touch, please contact us via our instant messenger (click ‘Chat with us’ at the bottom of this webpage), call us on 1300 228 228, or visit us in-branch.  


View detailed interest rates