What's a good rate in the current market?
FOR THE LONGEST TIME I HAVEN’T PAID MUCH ATTENTION TO INTEREST RATES AS WE’VE HAD SOMETHING LIKE 20 MONTHS IN A ROW OF THE RBA DOING NOTHING TO THE CASH RATE. HOWEVER THE LAST MONTHS HAVE PUT THE MARKET INTO A SPIN.
NOT ONLY IS THE CASH RATE NOW THE LOWEST IT’S EVER BEEN AT 1%, WE’VE ALSO HAD APRA REMOVE THEIR RESTRICTIONS ON INVESTMENT AND INTEREST ONLY LENDING, NOT TO MENTION FAVOURABLE CHANGES TO THE WAY IN WHICH THE BANKS ASSESS SOMEONE’S INCOME.
All this has led to consumers thinking - what's a good interest rate in the current market?
Now to give you a little bit of inside information, whenever there's an interest rate reduction, banks are keen to attract new customers by offering low headline rates but they never offer that same rate to existing customers.
You see, banks are aware that even though their customers know there are better rates out there, they just can't be bothered doing anything about it.
I don't want you to be one of those people so what we've done is create a simple online form that you can fill in, which will let us know your current position and from there we can get back to you with the best offers that we think are out there.
Let me know you how go!