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National Australia Bank has announced a number of changes to its deposit and lending
rates following the Reserve Bank of Australia’s decision to increase the official cash rate by
0.25%.
The interest rate on NAB’s Low Rate credit card will remain unchanged at 11.24% for
purchases.
The bonus interest rate on NAB’s Smart Junior Saver and Smart Reward Saver accounts
will increase by the full 0.25% from Friday 10 August.
Most of NAB’s variable rate home loans will increase by 0.25% at the same time.
NAB’s Regional General Manager Mortgages, Warren Shaw, said the bank had a range of
home loan choices available for customers.
“NAB is continuing to provide a number of competitive home loan choices including a one
year introductory rate of just 6.99% for new customers and fixed rates from 7.59%,” he said.
“We would invite customers, who are interested in making changes to their home loan, to
speak with their banker or contact us on 13 22 65.”
Media contact:
Rebekah Miles
National Australia Bank
M: 0400 541 139
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