Interest rate changes
You may be aware that the Reserve Bank of Australia (RBA) increased the official cash rate on 3 May 2022 by 0.25%.
At Bank First, we are committed to keeping our interest rates competitive for our Members with deposits, and also those with home loans.
We will be raising the interest rates of many of our savings and term deposit accounts, starting from 11 May 2022. More information will be available on our website on 11 May 2022.
The interest rates of variable rate home loan products will also rise by 0.25%. These will be effective 1 June 2022.