The Capricornian Cuts Standard Variable Interest Rate

Following the decrease in the Cash Rate, recently announced by the Reserve Bank of Australia, we are pleased to let our customers know that we are able to reduce our Principal and Interest Owner Occupied Standard Variable Rate to 4.45%  (comparison rate 4.49% p.a.), effective Monday 23 March.

Our new Principal and Interest Owner Occupied Standard Variable Rate continues to be .10% below that of the average Principal and Interest Owner Occupied Standard Variable Rate of the Big Four Banks.

As a member owned Financial Institution, we seek to work in the best interests of both depositors and borrowers. We will work through changes to our deposit and remaining loan interest rates over the coming days on a case by case basis considering all of the factors which drive our cost of funding.

See also