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Apologies, I got it wrong! Misread the "up to" and assumed it was 0.4 off all. Bugger, was getting a little excited.

cba rates from Friday 1 year 5.39% 2 years 5.59% 3 year 5.39% 4 years 5.89% 5 year 5.99%

Commonwealth Bank will cut interest rates by up to 0.4 percentage points on new one, three, four and five-year fixed-rate home loans. The new interest rates will be available to new customers, or customers looking to switch from variable to fixed rate home loans from Friday, September 7.

Bank of Melbourne fixed rates: 5.74% - 1 yr 5.74% - 2 yrs 5.89% - 3 yrs