BSB 806 015

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BSB 806 015

Updates to interest rates on P&N Bank products

In response to the Reserve Bank of Australia’s (RBA) cash rate increase of 0.50% p.a. on Tuesday 7 June 2022, we will be increasing our interest rates on some of our deposit and lending products.

The complete list of upcoming rate changes for P&N Bank products can be found below.

Effective from Tuesday 28 June 2022, the following changes to our variable home loan interest rates will apply:

Variable rate home loans Current rate New rate
Simple Home Loan 2.97% p.a. 3.47% p.a.
& Home Loan (Intro Rate) 2.79% p.a. 3.29% p.a.
& Home Loan 3.27% p.a. 3.77% p.a.
& Investor Home Loan (P&I) 3.38% p.a. 3.88% p.a.
& Investor Home Loan (IO) 3.58% p.a. 4.08% p.a.
& Investor Basic Loan < 70% LVR (P&I) 2.54% p.a. 3.04% p.a.
& Investor Basic Loan < 70% LVR (IO) 2.84% p.a. 3.34% p.a.
& Investor Basic Loan > 70% LVR (P&I) 2.74% p.a. 3.24% p.a.
& Investor Basic Loan > 70% LVR (IO) 2.99% p.a. 3.49% p.a.
Equity / Investor Access Home Loan 5.12% p.a. 5.62% p.a.
Reverse Mortgage Home Loan 5.65% p.a. 6.15% p.a.
Bridging Home Loan 5.52% p.a. 6.02% p.a.
Smooth Home Loan < 80% LVR 4.12% p.a. 4.62% p.a.
Smooth Home Loan > 80% LVR 4.22% p.a. 4.72% p.a.
Easypay Home Loan 4.37% p.a. 4.87% p.a.
Variable Home Loan (Owner Occupied)^ 2.97% p.a. 3.47% p.a.
Variable Home Loan (Investor)^ 3.38% p.a. 3.88% p.a.
Easy Living Access Loan# 5.65% p.a. 6.15% p.a.
Easypay Plus Home Loan > $750K < 80% LVR# 3.52% p.a. 4.02% p.a.
Easypay Plus Home Loan > $500K < 80% LVR# 3.62% p.a. 4.12% p.a.
Easypay Plus Home Loan < $500K < 80% LVR# 3.72% p.a. 4.22% p.a.
Easypay Plus Home Loan > $500K > 80% LVR# 3.77% p.a. 4.27% p.a.
Easypay Plus Home Loan < $500K > 80% LVR# 3.87% p.a. 4.37% p.a.
Easypay Plus Equity Access > $500K# 4.27% p.a. 4.77% p.a.
Easypay Plus Equity Access < $500K# 4.37% p.a. 4.87% p.a.
Business Loan# 4.52% p.a. 5.02% p.a.
Dream Home Loan# 3.96% p.a. 4.46% p.a.
Lifestyle Home Loan / Secured Loan# 4.37% p.a. 4.87% p.a.
Advantage Home Loan / Advantage Plus# 4.37% p.a. 4.87% p.a.
Variable Plus Loan / Mortgage Breaker# 4.37% p.a. 4.87% p.a.
Low Deposit Home Loan# 5.65% p.a. 6.15% p.a.
100% Home Loan# 5.95% p.a. 6.45% p.a.
Low Doc Home Loan# 6.40% p.a. 6.90% p.a.

#No longer available for sale.

^Not available for sale. Fixed Rate Home Loans will automatically roll over to this product at the end of the fixed period.

Effective from Tuesday 28 June 2022, the following changes to our credit card interest rates will apply:

& Visa Platinum Credit Card Current rate New rate
Purchase Interest Rate 3.27% p.a. 3.77% p.a.
Balance Transfer Interest Rate 3.27% p.a. 3.77% p.a.
Cash Advance Interest Rate (no change) 19.99% p.a. 19.99% p.a.
Simple Visa Credit Card (discontinued) Current rate New rate
Purchase Interest Rate 2.97% p.a. 3.47% p.a.
Balance Transfer Interest Rate 2.97% p.a. 3.47% p.a.
Cash Advance Interest Rate (no change) 19.99% p.a. 19.99% p.a.

Effective from Tuesday 28 June 2022, the following changes to our personal loan interest rates will apply:

Personal loans Current rate New rate
Fixed Secured Personal Loan 5.99% p.a. 6.49% p.a.
Variable Secured Personal Loan# 6.81% p.a. 7.31% p.a.

#No longer available for sale.

Effective from Tuesday 28 June 2022, the following changes to our savings account interest rates will apply:

Hi Saver Account Current rate New rate
Standard Rate $0 - $4,999.99 (no change) 0.00% p.a. 0.00% p.a.
Standard Rate $5,000+ (no change) 0.05% p.a. 0.05% p.a.
Bonus Rate $5,000+ 0.60% p.a. 0.70% p.a.
Business Saver Account Current rate New rate
$0 - $4,999.99 (no change) 0.15% p.a. 0.15% p.a.
$5,000+ 0.25% p.a. 0.40% p.a.

Effective from Friday 1 July 2022, the following changes to our savings account interest rates will apply:

SwiftSaver Account Current rate New rate
Standard Rate $0 - $4,999.99 (no change) 0.00% p.a. 0.00% p.a.
Bonus Rate $0 - $100,000 0.35% p.a. 0.65% p.a.
Bonus Rate $100,000+ (no change) 0.00% p.a. 0.00% p.a.

Effective from Tuesday 28 June 2022, the following changes to our transaction account interest rates will apply:

& Retirement Account Current rate New rate
Standard Rate > $0 0.35% p.a. 0.60% p.a.

View all interest rates

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