Loan Rate Changes

Summerland would like to advise our customers that from 25th October 2019 we will be making the following interest rate changes to our lending and deposit products for both new and existing customers.  In arriving at this decision we have considered the needs of both our borrowing members and those members who hold deposits with us. 

 

Loan Rates

Variable Loan ProductsChange (p.a.)
Owner Occupied Home Loans -0.13%
Investment Home Loans -0.13%
Commercial Loans -0.13%
Personal Loans -0.13%

 

Deposit Rates

iSaveChange (p.a.)
$0 to < $2,000 -0.05%
$2,000 to < $250,000 -0.10%
$250,000 to < $500,000 -0.05%
$500,000 and above -0.05%
Gold ClassChange (p.a.)
$0 to < $2,000 -0.05%
$2,000 to < $10,000 -0.05%
$10,000 to < $45,000 -0.15%
$45,000 and above -0.15%
Bonus SaverChange (p.a.)
$0 and above -0.10%
Access PlusChange (p.a.)
$50,000 to < $100,000 -0.10%
$100,000 and over  -0.10%
Fixed Term DepositChange (p.a.)
3 Month -0.05%
4 Month -0.10%
5 Month -0.10%
6 Month -0.05%
9 Month -0.10%
12 Month -0.10%
13 - 23 Month -0.05%
24 Month -0.05%
36 Month -0.05%
48 Month -0.05%
60 Month -0.05%