No quite true...it depends on the bank and when you fixed in the cycle.
I fixed most of my loans (about 80%) between 5.24% -5.79% and if I break it will cost me nothing as they do it on economic loss...in this case the funds tey purchase can be relent to someone else at a higher rate...
Tb
As I indicated in another thread the one year rate is not a bad option...but push CBA on the following:
1. Ask them to reduce the fix fee....alot of branch managers have discretion to reduce the fee from $300 to $150.
2. If you have a professional pack you should be able get 0.15%...