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Rates down first time in 7yrs

Discussion in 'The Economy' started by Jacque, 3rd Sep, 2008.

  1. Jacque

    Jacque Team InvestEd

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  2. Billv

    Billv Getting there

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    Jacque

    They were quick to announce that they are cutting rates but they are not passing them on straight away with ST George being the worst 1 waiting till the 29th of September to pass them on.

    But they will be quick to cut saving accounts interest rates straight away.

    Cheers
     
  3. AsxBroker

    AsxBroker Well-Known Member

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    Hi BV,

    The good news is that St George is cutting the rate by 0.30% pa after that date...I needed a bit of rate relief ;)

    Cheers,

    Dan
     
  4. Billv

    Billv Getting there

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    Location:
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    Dan

    Me too, the 0.3% is better than 0.25% but they were higher than everybody else to start with.

    Cheers