I've just had a very interesting and unofficial heads up from BankWest. As of next Monday, BankWest will be withdrawing their 'Rate Tracker Ultra' product from all channels (ie. brokers & branches).
It's a pity, as this was really their primary competitive product (in my opinion).
Don't worry if you've already got this product, it is guaranteed to be 0.9% lower than the average standard variable rate of the big 4 banks for 3 years. As this is written into the funding agreement, it would be difficult for them to withdraw this for existing customers.
If you're thinking of purchasing or refinancing to this product, get it done ASAP!
It's a pity, as this was really their primary competitive product (in my opinion).
Don't worry if you've already got this product, it is guaranteed to be 0.9% lower than the average standard variable rate of the big 4 banks for 3 years. As this is written into the funding agreement, it would be difficult for them to withdraw this for existing customers.
If you're thinking of purchasing or refinancing to this product, get it done ASAP!