Westpac is decreasing the 3 year fixed interest rate on the Fixed Rate Home and Investment Property Loans, available for both new and existing customers.
What the change?
Effective from Tuesday, 9 August 2011, the following Fixed Rates will be avaliable:
Term
Current Rate (Stand Alone) % p.a.
New Rate (Stand Alone)% p.a.
New Rate (Premier Advantage Package) % p.a.
Change %
1 year
7.19
7.19
6.99
-
2 year
7.19
7.19
6.99
-
3 year
7.19
6.99
6.79
-0.20
4 year
7.74
7.74
7.54
-
5 year
7.84
7.84
7.64
-
6 year
8.19
8.19
7.99
-
7 year
8.24
8.24
8.04
-
The comparison table below shows Westpac as the market leader with the lowest fixed rate amongst the majors for the 3 year fixed loan term: