ING DIRECT is increasing standard variable interest rates on residential property loans by 0.15% effective Monday December 12.
The rate change applies to both owner occupier and investor borrowers.
The Orange Advantage home loan for owner occupiers moves to 4.80%. The Mortgage Simplifier home loan for owner occupiers will be 4.70%.
The highest variable interest rate for the Savings Maximiser will increase by 0.25% to 3.00%. The top tier Savings Accelerator rate will increase by 0.45% to 2.35%. The changes to savings rates will be effective Monday December 12.