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RBA Meeting August 2 - Cash rate decision

Posted by SarahF SarahF
Message 1 of 3 537 Views

Today the RBA announced a change to the official cash rate, reducing it by 0.25%.
We assess all aspects of the RBA decision before making any changes to our interest rates.
If we make any changes to our interest rates, we'll notify our customers via our normal channels, including here on the Bankwest Forum.

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Re: RBA Meeting August 2 - Cash rate decision

[ Edited ]
Posted by DanCotter DanCotter
Message 2 of 3 504 Views

Hi Sarah,

 

When the big four (including CBA) are responding with the cash rate reduction - and passing this on in varied degrees to EXISTING customers - why is Bankwest so slow to respond now (and historically) to these rate cuts? Maybe you could provide some background as to when the rate cuts have been past on to customers in the past. I have been a customer for some time and all i remember is Bankwest passing on cash rate increases? Thanks as i am considering refinancing elsewhere. Thanks, Dan

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Re: RBA Meeting August 2 - Cash rate decision

Posted by SarahF SarahF
Message 3 of 3 481 Views

Hi @DanCotter, just wanted to make sure you've seen the recent post about our rate decrease: Bankwest cuts interest rates for customers – August 3rd, 2016

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