RBA rate cut October 2019 Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank About us Member news Member news 2019 RBA rate cut October 2019 11 October 11 October The Bank has announced we will be adjusting interest rates on a range of our products. In doing this we have tried to provide the best possible value for all members while taking into account the cost of funding, current market conditions and prudent financial management of the Bank. A summary of the changes are: Interest rates on some fixed home loans decreasing, for new loans, from Wednesday, 16 October 2019. Interest rates on most variable home loans decreasing, for new and existing business, from Friday, 1 November 2019. Interest rates on all new term deposits decreasing by 0.15% effective Wednesday, 16 October 2019. Interest rates on some savings accounts decreasing by 0.15% effective Friday, 1 November 2019. Individual product pages will be updated with the new rates from the dates mentioned above.
