Interest rate decision March 19 2020 Talk to us Phone us Email us Breadcrumbs Teachers Mutual Bank About us Member news 2020 RBA rate cut 7 April 7 April In light of the Reserve Bank’s change to the official cash rate on 19 March 2020, we have reviewed our interest rates. As a mutual bank we are conscious of the need to balance the interests of both borrowers and depositors. In the interest of providing the best value for all of our members, and taking into consideration factors such as cost of funding and the market environment, the Bank has decided to make some cuts to our popular fixed rate home loan products for new business effective 7 April 2020. Individual product pages will be updated today, 7 April 2020.
