BOQ responds to November RBA decision
BOQ has today announced interest rate changes for variable home loan customers, following the Reserve Bank of Australia’s (RBA) decision to raise the cash rate by 0.25%.
For home loan customers
From 10 November, BOQ will lift variable home loan interest rates by 0.25% per annum (p.a.) for new and existing customers.
Support available for customers
For any customers worried about their financial situation, we encourage them to contact us as soon as possible.
We’re here to help and are ready to talk through options that are right for you.
We have been proactively contacting borrowers with fixed rate home loans finishing up in the next 12 months to ensure they are prepared for this change.
Responding to savings customers
BOQ understands the ongoing challenges this environment has presented to household budgets.
To help customers build up their savings, we have continued to reward them with competitive rates.
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 10 November 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.