Can Greater customers use NAB ATM's without any extra fees ?
The lack of branches is not really an issue, but access to (free) ATM's has always been my concern with going with one of the smaller players.
3 & 5 year fixed rates thread
- Thread starter JIT
- Start date
Can Greater customers use NAB ATM's without any extra fees ?
The lack of branches is not really an issue, but access to (free) ATM's has always been my concern with going with one of the smaller players.
CBA has reduced their 3 year fixed rate to 5.79% under their MAV package
no, i dont really see their atm around outside their branch (i am in brisbane though) and their base is down in gold coast and nsw but having visited gold coast often i dont see their atm around either
https://www.greater.com.au/About-Us/BranchATM-Locator/BranchATM-Locator.aspx
https://www.greater.com.au/Personal/Rates,-Fees-and-Charges/Deposit-Account-Transaction-Fees.aspx
i never use them as my day to day banking as i already have nab account for that
St george 3 year fixed rate now 5.59% !!! Under their pro pack. These fixed rates are starting to look great value again.
To whom???
Might not be great value when rates drop another 0.5 to 0.7% and you can get VRs on professional packages at around 5.2% at that point.
If the banks are dropping their FRs to less than the VRs they must be seeing more downside to VRs than the FRs are being offered for.
Where can this be confirmed as it is not on their website?
most good deals arent publically confirmable for a while ( or not at all
)Product
Current Rate
(p.a)
Change
New Rate (p.a.)
(excluding Package
Discount)
New Rate (p.a.)
(with Package
Discount)
1 Year Introductory Fixed Rate
5.74%
-0.15%
5.59%
5.59%
1 Year Fixed Rate
(incl Portfolio, Low Doc & Low Doc Portfolio)
5.89%
-0.15%
5.74%
5.59%
2 Year Fixed Rate
(incl Portfolio)
5.89%
-0.15%
5.74%
5.59%
3 Year Fixed Rate
(incl Portfolio, Low Doc & Low Doc Portfolio)
5.94%
-0.20%
5.74%
5.59%
4 Year Fixed Rate
(incl Portfolio)
6.54%
-0.10%
6.44%
6.29%
5 Year Fixed Rate
(incl Portfolio, Low Doc & Low Doc Portfolio)
6.64%
-0.20%
6.44%
6.29%
1 Year Fixed Rate - Superfund
6.29%
-0.15%
6.14%
n/a
2 Year Fixed Rate - Superfund
6.29%
-0.15%
6.14%
n/a
3 Year Fixed Rate - Superfund
6.34%
-0.20%
6.14%
n/a
4 Year Fixed Rate - Superfund
6.94%
-0.10%
6.84%
n/a
5 Year Fixed Rate - Superfund
7.04%
-0.20%
6.84%
n/a
Advantage Package Offer Reminder: 0.15% off 1-5 Year Fixed Rates
The 0.15% discount for eligible Advantage Package Home Loans on standard 1,2,3,4 and 5 Year Fixed Rates will continue. Discounts are applicable to both new and existing customers switching into a new fixed rate with total borrowings of $150k or more.
more to the point, the lenders are buying this cheaper money from YOUR AND MY super as a guide.
when fund managers start hedging for lower fixed rates they are ahead of the RBAs game by a fair margin ( usually), so u might be right.
For many, the lower fixed rates =locked on security and thats ok too as long as those borrowers know that security always comes with shackles
ta
rolf
It came in an email to me yesterday, rates have been updated on our site over night.
http://www.cashbackmortgage.com.au/...5&action2=firs_tab&submit1=Compare+Home+Loans
The 3 year rate is close to historic lows. While true variable rates might come down further you are never going to pick the low and they represent real value at the moment in my opinion.
Thank you Rolf and Jon Mardell.
Swaps ticked upwards today after the release of the RBA minutes.
What does that mean TF, that future expectations are for rate increases or decreases?
Derivatives where banks / borrowers 'swap' their interest repayments. One will be a 'floating' rate (i.e. variable), the other will be a 'fixed' rate. The banks match up one borrower who prefers a fixed rate and one who prefers a floating rate, and they 'swap' the interest payments with each other. Of course the banks take a cut from the transaction too, naturally.
You mustn't be reading the same RBA minutes everyone else is reading. They seem to be pretty clear that unless there's horrible news out of Europe, rates are about as low as they are getting. Even the markets have reduced their rate cut predictions form sure thing to less than 50% chance before years end. But lets say the RBA has a little more in them, because we all know the economic data swings around like a yo-yo lately. So lets say that even if they come off 25 or 50bpts more, we all know the banks will only pass on 30 or 40 of the 50 at best, so any fixed rate under 5.80 should still see you pretty well insulated. It would take a 75 bpts cut for the banks to pass on 50-60, and even then most people would get down to around 5.60 ish at best. Some exceptions for people enjoying 0.9 or 1% discounts of course, but most people are on 0.7 or 0.8%. Then there's teh question of how long rates stay down below 5.7 or 5.8 (if they get there) ... will it be months, years? Over 2 or 3 years will you average a rate lower than the fixed rates on offer at the moment? Hard to know- but the rates are well under 6% so the punt isnt a dangerous one to take. firstmac has 2 years at 5.69% no fees St george has 2 and 3 at 5.59% plus $395 fee.
