What rate interest in advance?

[Freedom]

Hi!
What rates are being offered for one year interest only - annual in advance in June? Last year I got 5.75% - this year same bank is offering 6.65% and call centre is saying that the package discount is not applicable to fixed loans??????

 

[keithj]

CBA offer 6.34%

I've just taken up CBAs offer of 6.34% 1yr fixed IO in advance & no fees. I'm on a package.

 

[Rolf Schaefer]

CBA currently offers the following:

INTEREST IN ADVANCE customers are entitled to 0.2% off the fixed rate. A
further 0.15% discount applies for MAV (Wealth Package) customers.

So, if you are a MAV client you get the 1yr fixed rate @ 6.34% (indicative).

 

[Rolf Latham]

Hi Freedom

Sounds like your with ANZ, NAB or WBC where the .4 to .7 % discounts only apply to variables not fixed.

For those with a real tax problem I believe Bankwest has a 5 year IO fixed in advance :O) might pay to speak with the acctant about that one

Ta

rolf