Aren’t rate increases just about banks making more money?

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Aren’t rate increases just about banks making more money?

< 1 min read

The decision by financial institutions to change interest rates is not made lightly and take a range of factors into consideration.

All aspects of the rate change are carefully reviewed, including economic conditions, RBA cash rate changes and how the interests of borrowers, depositors and shareholders are balanced.

If you are concerned about your loan and haven’t had it reviewed in some time, please contact our Customer Care team on 138 001 and we can connect you with one of our Lending Solutions Team members.