Westpac's top rate nudges close to double digit interest rate
It has increased its fixed rates across the board this week and has pricing which is much closer to ANZ which has been higher than other lenders following changes after the Reserve Bank increased the OCR 25 basis points.
The smallest increase was to the six month rate which went up 10 basis points and 20 point increases were made to the standard two-year rate, and its four and five year rates.
Westpac has chosen to compete in the two year space and making the biggest increases to rates either side of this term and removing the 5.69% 18-month special.
The three-year rate went up 50 basis points to 6.85% and the one-year up 36 points to 5.85%.
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