Westpac group slashes 2-year fixed rates

Westpac’s St. George, BankSA and Bank of Melbourne brands have cut two-year fixed rates on their package products by 15bps to 6.44 per cent, and reduced their three-year rate 5bps to 6.54 per cent, effective on Tuesday 6 September.

Bank of Melbourne Chief Executive Scott Tanner said: “These fixed home loan rate cuts coincide with the start of spring real estate season and are available for a limited period of time.”

Source: International Business Times