Greater Bank goes below 3 per cent: RateCity

PHOTO: Greater Bank

Greater Bank has announced it will slash its 1-year fixed home loan for owner-occupiers paying principal and interest by 0.50 per cent to 2.99 per cent.

The cut makes it the first bank to go below 3 per cent ahead of the RBA’s meeting on Tuesday.

Greater Bank is dropping several fixed rates, including its 2-year fixed rate to 3.39 per cent, and both the 4- and 5-year fixed rates to 3.64 per cent, which will be the lowest available rates on RateCity for all three loan terms.

The rate cuts take effect on Monday 3 June.

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