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Westpac slashes rates beyond RBA rate cut
- February 4, 2015
- Posted by: admin
- Category: Enconomy, Finance News, House prices, Inflation, Interest rate, Investment Property, Self Managed Super Funds, Wealth
No CommentsTwo of the big four banks have now passed on the RBA rate cut in full. Westpac today announced it will reduce its standard variable mortgage rate by 0.28 per cent to 5.70 per cent per annum. The new rate takes effect on 20 February 2015. Customers on Westpac’s Premier Advantage Package who receive a minimum 0.70 per