P&N Bank today announced it will increase interest rates on most of its variable rate Home Loan products by 0.14% per cent per annum.
CEO Andrew Hadley said that as a customer owned bank that exists solely for the benefit of our members, this is a decision that has not been taken lightly.
"P&N regularly reviews all product rates to ensure we provide value for our members while continuing to create a strong and sustainable business for the future," Mr Hadley said.
"This change is necessary to balance the needs of all our members.
"Member value continues to be at the forefront of everything we do and with this change, P&N products remain highly competitive."
The new rates will be effective from 29 April 2016.
Please read our FAQ's for further information.
We'd like to use your current location
For a more localised experience please enter your location below...
Set your location for a more localised experience.