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Bit surprised that NAB couldn't offer more. Westpac are going to do well out of this especially if variable interest rates rise to more than 4.99%.

Wow!!! 69.9% interest, that's high!! I've got loans with both Westpac and CBA and don't find their service levels that much different. I agree with Rolf - don't put all your eggs in one basket, especially if you want to invest in a big way. Service levels within the big 4 is so dependant...

Why not wait a little while to see what CBA does with these 3 year fixed rates? Alternatively, go to CBA and see whether they can match Westpac's deal. Refinancing can be costly.

Sure does help and thanks for the prompt feedback. I've got a premium advantage package so I'm eligible. After reading all the posts on this thread, I'm still tossing up whether to wait until after the next RBA reduction in February to decide whether to apply for the deal.

Just saw the advertisement in the paper regarding this deal. There is a mention that it is only for new customers of Westpac. I'm a Westpac customer so wondering whether I am eligible. Do any of the Mortgage Brokers on this forum know?