Today St George ran an ad promoting their new discount which is 1.5% below the standard variable rate for 12 months which comes in at the moment at 5.39% a tad under the Rams one though the Rams is for 2 years. This is before the RBA announcement so if there is a 1% reduction it would bring the rate on this product to 4.39%. As it isn't fixed there is still scope to fix if rates look like going up again over the next year and if rates continue to fall.........................