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Commonwealth Bank cuts up to 0.45 percent on fixed rate home loans

15 June 2010: The Commonwealth Bank today announced it will decrease some interest rates on its Fixed Rate loans by up to 0.45 per cent per annum. 

The new interest rates for Fixed Rate Home Loans will be effective from 15 June 2010.

Ross McEwan, Group Executive Retail Banking Services at Commonwealth Bank said: “We are pleased to offer our customers who are looking for peace of mind and the certainty of a fixed rate on their home loan, competitive interest rates.

Owner occupied and investment home loan fixed interest rates will decrease as follows:


Current Rate % pa

New Rate % pa

Change

2 Year Fixed

7.54%

7.29%

-0.25%

3 year Fixed

7.89%

7.44%

-0.45%

4 Year Fixed

8.09%

7.94%

-0.15%

5 Year Fixed

8.19%

8.04%

-0.15%


For customers who select our Wealth Package Fixed Interest Rates home loan, the interest rate applicable is a further 0.15 per cent per annum below the rates published above.

Ends

Learn more about our Fixed Interest Rate Home Loans.