Rate Change Effective 21st June 2022

Following the decision by the Reserve Bank of Australia to increase the official cash rate, QBANK will increase interest rates on all variable rate home loans for owner occupiers and investors by 0.5% per annum. Mortgage secured overdrafts will also increase by 0.5% per annum.

The variable home loan interest rate increase will be effective from 21 June 2022 and the mortgage secured overdraft interest rate increase will be effective on 1 July 2022.

QBANK will also be increasing interest rates on a range of deposit products from 15 June 2022.

As a member-owned bank QBANK remains committed to maintaining the best interests of depositors and borrowers.

QBANK members with a variable rate home loan will receive a notice in the mail over the coming weeks confirming their new rate and repayment requirements.

 


 

Rate Change Effective 20th May 2022

Following the decision by the Reserve Bank of Australia to increase the official cash rate, QBANK will increase interest rates on all variable rate home loans for owner occupiers and investors by 0.25% per annum. Mortgage secured overdrafts will also increase by 0.25% per annum.

The variable home loan interest rate increase will be effective from 20 May 2022 and the mortgage secured overdraft interest rate increase will be effective on 1 June 2022.

QBANK will also be increasing interest rates on a range of deposit products from 20 May 2022.

As a member-owned bank QBANK remains committed to maintaining the best interests of depositors and borrowers.

QBANK members with a variable rate home loan will receive a notice in the mail over the coming weeks confirming their new rate and repayment requirements.