CUA announces variable rate below 4%
Australia’s largest customer-owned financial services provider has announced an interest rate cut of 14 basis points to one of its variable rate home loans for owner-occupiers.
CUA’s Fresh Start Basic rate of 3.99 per cent will take effect on 24 November.
The credit union’s three-year fixed rate for owner-occupiers will also fall by 0.16 per cent to 4.09 per cent.
“The rate cuts to some of our basic home loans are good news for owner-occupier borrowers. As a customer-owned business, we need to balance good value and competitive interest rates for customers today, with the need to be sustainable over the long-term,” CUA chief executive Rob Goudswaard said.
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