Suncorp Bank will reduce variable interest rates by 0.25% per annum for home loan customers following the Reserve Bank of Australia’s cash rate decision today.
Suncorp Bank CEO Lee Hatton said: “We recognise the unique set of circumstances facing our customers, communities and economies across Australia.
“Today’s announcement means our customers have the opportunity to take advantage of these record low interest rates that can either help them to own their home sooner or put extra money back into their pockets.
“We will continue to review our rates as we balance the needs of home loan and deposit customers,” Ms Hatton said.
Customers who have questions regarding today’s rate change are encouraged to visit us in store, online or call us.
The new rates will come into effect from 20 March 2020.