St George cut variable rates by 0.85%
December 3, 2008 · Filed Under Bank News, Interest Rates
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St George Bank today announced plans to cut their standard variable home loan by 0.85% to 6.89%, the rate change takes effect from 8 December 2008.
St George became the latest bank to fail to pass on the full 100 basis point cut made by the Reserve Bank yesterday. Only NAB and the Commonwealth Bank passed on the full rate cut, Westpac and ANZ passed on 0.80% and 0.83% respectively.
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