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CBA, NAB and Westpac slash interest on home loans to lowest in history after Reserve Bank cut – NEWS.com.au
CBA, NAB and Westpac slash interest on home loans to lowest in history after Reserve Bank cut
Three of Australias major banks have slashed the interest on fixed home loans, with some lending products now attracting a rate of less than 2 per cent.Commonwealth Bank, Westpac and NAB have taken a knife to lending rates following the Reserve Bank’s decision on Tuesday to cut the cash rate to 10 basis points to better support the Australian economy out of the COVID-19-induced recession.
In a statement on Wednesday morning, CBA said its owner-occupier four-year fixed rate would be reduced by 100…
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