NAB cut fixed rate to 5.55%

[grubar30]

The Age - NAB cuts fixed-rate loans as pricing hits 20-year lows

Pre-cursor of things to come from RBA or like the article says, simply a matter of a bank trying to attract customers?

 

[Nth Brisbanite]

I'm a bit confused here. NAB 5 year rates have dropped while Westpac and ANZ 2 year rates have increased.

The article said that it's got to do with competition. Not sure what's going on.

 

[Ausprop]

I'm a bit confused here. NAB 5 year rates have dropped while Westpac and ANZ 2 year rates have increased.

The article said that it's got to do with competition. Not sure what's going on.

NAB's 1 and 2 yr rates have increased as well

 

[Brady]

NAB's 1 and 2 yr rates have increased as well

What are they up to?

Website still has 2YR Fixed @ 4.99%

http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/6/1?urid=1366613255196

 

[Ausprop]

What are they up to?

Website still has 2YR Fixed @ 4.99%

http://www.nab.com.au/wps/wcm/connect/nab/nab/home/personal_finance/6/1?urid=1366613255196

i mistakenly looked a this:
NAB Choice Package3
& NAB Portfolio Facility

what is that anyway and why is it dearer?

 

[Aaron_C]

Portfolio facility is their line of credit.

 

[Brady]

i mistakenly looked a this:
NAB Choice Package3
& NAB Portfolio Facility

what is that anyway and why is it dearer?

I have a loan settling in the next month,

If another bank goes, will they all go up

hrmm to rate lock or not to rate lock.

 

[Ausprop]

I have a loan settling in the next month,

If another bank goes, will they all go up

hrmm to rate lock or not to rate lock.

dunno that 5yr looks pretty good and it only just came out

 

[Brady]

dunno that 5yr looks pretty good and it only just came out

Agreed 5.55% is a good rate.

I have bit of a mix of different funds locked in at;

5.8% exp March 2013 (negotiated this rate, at the time was awesome rate)

4.89% exp March 2015 (as above)

maybe 5.55% til May 2018 would fit nicely

 

[buzzlightyear]

NAB affiliate Homeside

Homeside's 2yr fixed rate is at 4.99%. Just hope it stays there until May 24th when my 1yr fixed rate expires

 

[Shahin_Afarin]

Hate to say it buzz but I think it will go up before then.

I think CBA will go before NAB.

Regards

Shahin