Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Major bank cuts rates to all-time low

Notify me of new replies via email
Julia Corderoy | 06 May 2015, 08:36 AM Agree 0
A major bank has reduced its standard variable rate to the lowest in the bank’s history following the decision of the Reserve Bank to cut the official cash rate to 2%
  • Craig | 06 May 2015, 09:58 AM Agree 0
    When I see smaller players like Credit Unions & Building Societies with SVR's lower than 5.45% prior to making this latest cut I wonder why people bother going to the CBA in such droves. Some will be under 5.2% but CBA still rakes it in.
  • Jessica | 06 May 2015, 10:00 AM Agree 0
    Most majors passed on the full 0.25%. Why not Commonwealth Bank?
  • Goodo | 06 May 2015, 10:02 AM Agree 0
    Theft by stealth!
  • Brizzy Broker | 06 May 2015, 10:08 AM Agree 0
    Cut by 20 basis points. What about the other 5 points. CBA generosity underwhelming!
  • SanityPrevails | 06 May 2015, 10:09 AM Agree 0
    CBA only passing on 20 points??? Time for me to walk!!
  • Broker | 06 May 2015, 10:28 AM Agree 0
    Nice spin for not passing the rate cut on in full.
Post a reply