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Home / News / More savers and borrowers choosing mutuals

More savers and borrowers choosing mutuals

27/02/2013

APRA Quarterly Statistics show credit unions, building societies and mutual banks recorded housing loan growth of 5.8% which is above market performance of 4.5%. The sector also performed strongly in deposits, with 6.6% growth.

"It's clear from these figures today that consumers are backing us and our customer owned model," Abacus CEO Louise Petschler said.

"We are offering market leading performance on customer satisfaction, and substantially lower home loan and credit card rates.”

Source: Abacus



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Today's Best Rates

Institution Product
Title
Standard
Rate^ (%)
Comparison
Rate* (%)
Details
Dream Home Loan (Blackboard Special) 4.54 4.56 Go to site
UHomeLoan - Variable Loan with a special Upfront Discount of 0.25% p.a. 4.62 4.62 Go to site
iMortgage Essential up to 90% LVR Purch & Refi 4.64 4.66 Go to site
Fresh Start Variable Rate Home Loan 4.65 4.66 Go to site
iMortgage Fusion ProPack 80 4.69 5.02 Go to site
Ultimate Home Loan Package 4.94 5.31 Go to site
Institution Product
Title
Standard
Rate^ (%)
Comparison
Rate* (%)
Details

^Standard rate for a $250,000 standard loan. The 3 year table shows loans that are fixed for 3 years.
*Comparison rates shown are based on a home loan of $150,000 for 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
For information on how we’ve selected these “Sponsored” and “Featured” products click here.