Business
The RBA’s rates cut means you could be getting a better deal from your bank – ABC News
It’s worth picking up the phone to negotiate a better deal with your bank. In fact, I did just that only yesterday, and I was very surprised by the results.
If there’s one thing you should do for your personal finances this week, it’s call your bank and ask for a better deal on your mortgage interest rate.
Why? Well, you’ve probably heard the Reserve Bank of Australia has cut the official interest rates to a record low of 0.1 per cent.
But did you know lenders won’t all automatically pass on that rate cut to you?
It matters, because a small move in your interest rate can add up to big dollars over the long term.
So it’s worth it to negotiate a better…
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