Non-major trims fixed and variable rates

by Adam Smith07 Jul 2014
A non-major lender has offered new discounts to both its variable and fixed rates.

Suncorp has announced discounts on its variable Back to Basics product and 3-year fixed product, available from today. The bank has cut the introductory rate on its Back to Basics product to 4.65% (5.21% comparison rate). Suncorp said the introductory rate was available for the first three years of the loan term, when the loan would then revert to the bank's standard variable rate.

The bank also increased discounting on its 3-year fixed loan, taking the product's rate to 4.84% (5.67% comparison rate).

“At Suncorp Bank, we’re serious about being the bank brokers consider first, by delivering on the things that really matter. In today’s market, offering clients genuine choice is at the heart of every broker’s core customer proposition, and we’ll continue to deliver market leading products backed by good service," Suncorp head of intermediaries Steven Degetto said.