ANZ reduces savings and home loan.........>

AUSTRALIA: ANZ reduces savings and home loan interest rates (Herald Sun)

- ANZ has today cut rates across savings & home loan products, following in the

footsteps of NAB who last week cut savings interest rates. ANZ has today cut its

Online Saver account rate from a paltry 0.1% to just 0.05% & reduced many term

deposit products by up to 0.1%. It's ANZ Online Saver has fallen from 1.6% to

just 1.55%- an introductory rate that applies for the first three months. The

ongoing rate on this account has also reduced from just 0.1% to just 0.05%.

- The move comes after NAB dropped the rate on its popular iSaver and Reward

Saver accounts by between 0.11 to 0.15 percentage points last week. The big four

bank's ongoing standard savings account rates is now between just 0.05% & 0.11%

per cent. ANZ has also today reduced its home loan rate on its Simplicity Plus

(loan-to-value ratio 80% of less) product from 3.24% to 3.12%. The bank has also

cut its ANZ Simplicity Plus Home Loan (LVR over 80 per cent) from 3.58% to

3.38%.

- Link: https://tinyurl.com/sq5x6pk