commonwealth bank drop variable rate
- Thread starter devo76
- Start date
New business rate for a specific product. CBA's SVR remains unchanged.
Its still a drop
I imagine they weren't getting much business for this product under the previous rate. Reaslistically it was priced in a way that would create enquiries, but they've got other products which were far better.
The only way the 'no fees' product would make sense vs their other products, is if you're the sort of person who's always late in making payments (which isn't the sort of customer any bank wants).
The only way the 'no fees' product would make sense vs their other products, is if you're the sort of person who's always late in making payments (which isn't the sort of customer any bank wants).
spinperhaps
ta
rolf
dizzying......
They canned the no application fee special on their other basic loans today. They giveth and they taketh.
Mr Norris needs to make money for his share holders somehow ...it's a bank we are talking about here
Regards,
Michael
They have lowered their rate already....started around 2-3 month ago...but i expect them to release a further reduction soon.
Regards
Michael
One of the lenders adjusted their fixed rates again yesterday - about a 0.2% drop. This is hopefully due to decrease in funding pressures but could be a market share thing as well. Remember when fixing to fix because you want to not because you want to beat the banks. If they were offering 1% they still would be making money.
