April's RBA Board Rate Cut Announced: 0.25%
- Thread starter Rixter
- Start date
CBA Reduces variable rates by...
0.10%
0.10%
0.10%
Hardly seems worth the effort. Maybe you could tell them to keep it because they clearly need it more than you do
Thanks Mate, not quite what I had in mind.
I thought there might have been some site that had live bank snippets or something.
Oh well, wishfull thinking maybe
Dave
Hardly seems worth the effort. Maybe you could tell them to keep it because they clearly need it more than you do
Hey, I'll take it Rob, if you don't mind
Even though I don't bank with CBA, i suspect Macquarie, ANZ, WBC & ING are not going to reduce much more, if at all. R.I.P. bank competition
You could always ring the banks personally your self!
Yeah, I could always slit my wrists or belt myself around the head with a bat as well
No rush, not expecting or holding out for it.
Dave
Nah, you're just riding that "new posts" button, desperately waiting for someone to post the big 4 bank rate cut results so you can see how much you stand to save in interest payments...
Only kidding. Agree, it looks like peanuts this time around anyway.
Cheers,
Michael
Well I will start first CBA is only offering a measly 0.1% cut..
http://business.theage.com.au/business/cba-passes-on-less-than-half-of-rate-cut-20090407-9xzj.html
CBA is only offering a measly 0.1% cut.. http://business.theage.com.au/business/cba-passes-on-less-than-half-of-rate-cut-20090407-9xzj.html
hi all
just to put a bit of cold water all the people saying that banks will pass on the drop.
couple of things I would love some one to ask both mr rudd and mr swan.
the rba rte is now 3%
whats the banks default rates
and whats the banks comm rates
well let me give you a few
bankwest default rate is about 15% so if you default on your loan your rate might be 5% but your default is 15%
bankwest comm rate has not dropped it has gone up.
westpac rate for comm has also gone up its 4.5% above bank bill it was 2.5% so the rba rate is falling and thecomm rates are rising
work that out
I would love to see a list of the default rates for all the banks becaus ethese are not falling at all
can some on epost devault interest rates and
lets see where these are
you would fall off the chair if you looked at them
I have a vendor on 15% and they are rising daily now thats scary.
the debt was 80% lvr and is now over value and thats in a market on 3.25% bank bill rates.
lets post the default rate
and u will see that there are very close to usary.
12% on top of bank bill from a top 4 in any market is close to usary in my book
post the defaults rates and then let some one ask mr rudd and mr swan as a fish person ones said please explain
just to put a bit of cold water all the people saying that banks will pass on the drop.
couple of things I would love some one to ask both mr rudd and mr swan.
the rba rte is now 3%
whats the banks default rates
and whats the banks comm rates
well let me give you a few
bankwest default rate is about 15% so if you default on your loan your rate might be 5% but your default is 15%
bankwest comm rate has not dropped it has gone up.
westpac rate for comm has also gone up its 4.5% above bank bill it was 2.5% so the rba rate is falling and thecomm rates are rising
work that out
I would love to see a list of the default rates for all the banks becaus ethese are not falling at all
can some on epost devault interest rates and
lets see where these are
you would fall off the chair if you looked at them
I have a vendor on 15% and they are rising daily now thats scary.
the debt was 80% lvr and is now over value and thats in a market on 3.25% bank bill rates.
lets post the default rate
and u will see that there are very close to usary.
12% on top of bank bill from a top 4 in any market is close to usary in my book
post the defaults rates and then let some one ask mr rudd and mr swan as a fish person ones said please explain
3 reasons the RBA didn't drop more than 0.25%
- the banks won't pass on the rate cuts anyway, so what's the point.
- we want a lot more business busts and unemployed before we drop further.
- we don't want to start a property bubble.
- the banks won't pass on the rate cuts anyway, so what's the point.
- we want a lot more business busts and unemployed before we drop further.
- we don't want to start a property bubble.
Well I will start first
http://business.theage.com.au/business/cba-passes-on-less-than-half-of-rate-cut-20090407-9xzj.html
Scroll up.. buzz beat you to it!
0.10%
Lousy CBA. I'm refinancing. Everything that's gone wrong for me today seems to be coming from the CBA (they even stuffed up my rewards points).
Nevertheless it puts the rate in the 4's now at 4.94%, psychologically sounds a lot cheaper!
I really hope ING do something as I am on a rate of 6.04% with them and it sucks! I should probably just hop onto their 3 year fixed as I will be better off anyway even if they pass on the full rate cut.
I really hope ING do something as I am on a rate of 6.04% with them and it sucks! I should probably just hop onto their 3 year fixed as I will be better off anyway even if they pass on the full rate cut.
Sparky is there a reason you can't switch to one of their other variable products? ING do have some competitive rates.
My reward points disappeared when I got them to switch me to a lower ratecard the other week!
Its the lo doc one though so probably not.
NAB passes on NONE of the cut - Mongrels
From memory they cut .1 after the March RBA meeting when there wasnt a change & nobody else did
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You hit the nail on the head here Peter. Great Post!
I also think those ppl who are looking to lock rates in and haven't before now have possibly missed the boat.
I also think those ppl who are looking to lock rates in and haven't before now have possibly missed the boat.
