CBA extends interest holiday for Storm clients

The Commonwealth Bank has extended for another month a moratorium on interest payments for customers impacted by the collapse of Storm Financial. The extension to 30 September 2009 is to enable customers to register for participation in the Storm Financial Resolution Scheme.

Customers who register for the Scheme will have their interest payments suspended until their participation in the Scheme ends: either through the customer accepting an offer or the customer withdrawing from the Scheme.

For customers who choose not to register for the Scheme, interest repayments will recommence on 1 October 2009.

Source: Commonwealth Bank