Westpac fixed rates discounts

Rolf,

Please elaborate...

I'm currently in the WBC pro pack but fully variable with a 80bp discount. I guess I'm not new business so don't qualify, but I'd still be interested in the 20bp discount and what rates this translates to.

Cheers,
Michael
 
I am sure that you can get the discount if you convert some of your variable rate loans to fixed rate loans.

Remember, variable rate discount 0.8bps (in your case); fixed rate loan discount 0.2bps.

Example:

  • Variable Investment loan rate currently at 9.61% less standard 0.7% discount - actual charged rate will be 8.91%
  • 3 yr fixed rate currently at 9.49% less 0.20% discount - actual charged rate will be 9.29%
Hope that clarifies it a little more
 
No, Westpac redraw facility on fixed loans has not been increased.

St George offers 0.2% discount on fixed rates

CBA offers 0.15% discount on fixed rates.
 
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