BOQ responds to October RBA decision
Thursday 6 October 2022
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 customers.
From 14 October, BOQ will lift variable home loan interest rates by 0.25% per annum (p.a.) for new and existing customers.
BOQ’s savings and term deposit rates are continually under review. In September, BOQ increased rates on key term deposit products along with its range of high interest myBOQ accounts - myBOQ Future Saver and myBOQ Smart Saver.
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 14 October 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.