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News
St.George increases home loan and deposit interest rates
St.George Bank’s Standard Variable Home Loan interest rate will increase by 0.25% to 7.18%p.a., effective Friday 9 April 2010.
St.George will also increase interest rates on a range of its key savings accounts by 0.25%, including its Direct Saver and Power Saver accounts.
"This ensures our customers can continue to benefit from some very attractively priced savings accounts", St.George Chief Executive, Greg Bartlett said.
"We are very mindful of the impact increased rates can have on customers with mortgages and, while most of our customers already pay more than their minimum monthly repayments, I encourage any customer experiencing difficulty to contact our St.George Assist team as soon as possible."
Assistance for eligible customers includes delaying repayments or restructuring their loans. Customers can contact St.George Assist on 1800 629 795.
St.George also offers a suite of competitive fixed rate mortgages for customers seeking interest rate certainty and provides the option of splitting home loans between fixed and variable rates.
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