MyState Bank has announced it will increase all variable home loans for new and existing customers by 0.25% per annum. The rate increase for variable mortgages will be effective from 17 November.
The 2023 Annual General Meeting of MyState Limited will be held on Thursday, 19 October 2023 at 10:30 a.m. (Hobart time) at the Best Western Hotel, 156 Bathurst Street, Hobart and online.
MyState Bank has completed a review of its current interest rates following the Reserve Bank of Australia’s (RBA) June meeting, where it lifted the official cash rate by 25 basis points, taking it from 3.85 per cent to 4.1 per cent.
MyState Bank CEO Brett Morgan said the 2023-24 Tasmanian State Budget was bread and butter budget….with a stadium on top. “The 2023-24 State Budget has revealed a sharp drop in Tasmania’s expected economic growth, a fall state tax revenue, and a rain-check on a budget surplus,” Mr Morgan said.