BSB 806 015

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BSB 806 015

October interest rate changes

11 Oct2022

Following the Reserve Bank of Australia’s increase to the cash rate by 0.25% per annum on Tuesday 4 October 2022, P&N Bank is making changes to interest rates across several deposit and lending products.  

From as early as next week, term deposits will benefit from increases of up to 0.50% per annum. The new rates will take effect from 14 October 2022. 

Our variable rate home loans will increase by between 0.05% and 0.25% per annum, effective from 18 October 2022. Our fixed and variable rate secured personal loan will increase by 0.50% per annum from 18 October 2022.  Members will receive communications directly in the coming weeks in relation to these changes.

We’re here to help. If you’d like more information on how this change might affect your home loan, or if you are experiencing financial difficulties, and would like to discuss options that are available to you, please contact us on 13 25 77, chat with us at www.pnbank.com.au or visit us in-branch.

View detailed rate changes

 

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