3 and 5 year fixed rate thread
- Thread starter lizzie
- Start date
Answer was NO, not at this stage. Makes me think they may bring down there 3 years fixed rate soon anyway.
i have not heard any banks matching ME Bank at the moment. The majors in most cases will compete against each rather than non branch network lenders.
i stand corrected! AMP is dropping their 3 year fixed to 5.19 which under affinity package is 5.04% (comp. rate 5.54) or their 2 year fixed is 4.84 (comp.rate 5.56) under affinity!
5 years....not so sure about that.
Well, at least 3 years, since I feel that there will be no more rate cut I guess, because with the current condition, it reflects back to 3 years low.
any interest rate movement will be just up rather than going down.
the last interest cut wasn't followed by the big 4 banks anyway making RBA decision for the rate cut useless.
Hm.. yes you are right. I guess 5 years is a bit too long for Fixed Interest Only loan
this would depend on LVR and total loan amount. Fixed rate for 3 years is ME bank and 2 years is AMP if you qualify for affinity package.
3 year fixed best rate is ME Bank at the moment, 4.99%.
With a major lender you should be able to get a variable rate between 5.40 and 5.45% (comparison rate dependent on which lender product) maybe a little better and the fixed 4.99 for 2 years, if you wanted to fix for 3 years than me bank at 4.99 (comp. rate 5.66%) is probably the best option. If you are after the absolute cheapest than have a look at the online lenders but.
Has anyone had any luck trying to lean on the big 4 for 4.99% for 3 years?
I'm holding off till I hear of a few wins so that they can hear the confidence in my voice.
Please let me know if you have some success. I'm with CBA.
I'm holding off till I hear of a few wins so that they can hear the confidence in my voice.
Please let me know if you have some success. I'm with CBA.
Ok, It seems that Bankwest doesn't give me flexibility with the fixed rate loan and lots of penalty if I do wrong :-/
1. no 100% offset
2. cannot pay more than what the direct debit ask me to pay.
so my conclusion is that I will leave the account as is (variable).
so what make you guys think that Fixed Interest Only loan is a lucrative offer given the rates is at the historical low since 2009 ?
1. no 100% offset
2. cannot pay more than what the direct debit ask me to pay.
so my conclusion is that I will leave the account as is (variable).
so what make you guys think that Fixed Interest Only loan is a lucrative offer given the rates is at the historical low since 2009 ?
No, and remember last time Westpac hit this low? None of the other lenders matched it.
