BOQ responds to December RBA decision with competitive savings rates
Following the Reserve Bank of Australia’s (RBA) decision to increase the cash rate by 0.25%, BOQ has today announced interest rate changes for variable home loan and savings customers.
From 9 December, BOQ will lift variable home loan interest rates by 0.25% per annum (p.a.) for new and existing customers.
BOQ understands the importance of savings and deposits rates with the current cost of living environment and is responding to customers by lifting rates to its range of high interest myBOQ accounts by up to 0.40% p.a.
Support available for Customers
BOQ has a range of online resources available including home loan calculators and for customers experiencing financial difficulty, they are encouraged to contact the dedicated Customer Assistance team.
For existing home loan customers on a variable rate, BOQ will inform customers of their new monthly repayment amount.
Customers are encouraged to visit any BOQ branch or call 1300 55 72 72 if they require further assistance or clarification regarding today's announcement.
Interest rates from 9 December are subject to change. Terms, conditions, fees and charges apply. This is general information only and you should consider if these products are appropriate for you.