P&N Bank has announced interest rate changes following the Reserve Bank of Australia’s (RBA) decision to decrease the official cash rate by 0.25% p.a. to 3.85% on 20 May 2025.
As a customer-owned bank our customers are our priority, so we strive to achieve the right balance between the needs of borrowers and depositors when reviewing interest rates.
Home loan customers
P&N Bank will decrease all our variable home loan interest rates by 0.25% p.a., effective 10 June 2025. Customers will receive communications with details relating to their specific loans in the coming weeks.
Deposits customers
P&N Bank will decrease some of our transaction and savings account interest rates by up to 0.25% p.a. These changes will be effective 1 June 2025 for the SwiftSaver Account, and 5 June 2025 for other accounts.
Our aim is to keep our rates as competitive as possible to benefit all customers, and offer support when it comes to their finances. If you require assistance with your home loan repayments, please contact us to learn about the options available to you.
We’re here to help
If you have any questions or need more information, please contact us via live chat on the P&N website, log in to internet banking to send us a secure message, call us on 13 25 77, or email us at info@pnbank.com.au (general enquiries only).