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St George & Citi cut fixed rates again

22/12/2011

St George announced it would cut its one year fixed mortgage rate to 6.14 per cent, its two year rate to 5.99 per cent and three year fixed rate to 6.09 per cent. "We've actually now cut our fixed home rates seven times since July," St George's chief executive Rob Chapman said.

"Our three year fixed rate is lower than the four major banks and we're also very competitive against the market for our one and two year fixed rate."

St George's move comes just days after Citibank announced it would cut the interest on its suite of fixed rate products, with the lender now boasting a three year fixed rate of 5.75 per cent.

Source: The Adviser



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