Macquarie Credit Union has announced a further interest rate reduction of 0.12 % pa across our range of both owner occupied and investment variable rate home loans. This change will come into affect for existing loans as of 8th of November 2019.
A number of considerations were carefully taken into account before reaching this decision. This included, maintaining competitive rates for our deposit and savings members, in particular retirees and those saving for their first home. At Macquarie Credit Union our focus is on providing a balance for all of our members, so that our rates remain competitive for both our depositors and borrowers.
Members who would like further information on this rate change are encouraged to contact the branch on 1300 885 480.