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NAB still lowest big bank SVR

17/07/2012

ANZ announced variable interest rates for Australian retail mortgages and small business lending will remain unchanged after its July interest rate review.

ANZ’s standard variable mortgage rate remains at 6.80%pa (6.90%pa comparison rate). Westpac’s standard variable rate is 6.89 per cent, NAB is at 6.78 per cent and CBA is at 6.80 per cent.

ANZ CEO Australia Philip Chronican said: “This month’s decision acknowledges that despite funding costs remaining elevated we need to remain competitive and provide stability for our variable rate mortgage and small business customers.”

Source: ANZ



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