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Hunter United will reduce interest rates

Hunter United will reduce interest rates on all variable interest rate home loans by 0.15% following the Reserve Bank of Australia’s cut to the official cash rate earlier this week. Reductions in interest rates will apply across all principal and interest loans as well as interest only loans for both owner occupiers and investors – effective 13th March 2020.

Hunter United’s rates remain very competitive and while this reduction will provide some relief for borrowing members, depositing members who rely on interest income from their investments are also a major consideration when we make decisions on interest rate movements.

Eligible existing borrowers with Hunter United will also receive further interest rate benefits as a result of the merger with IMB Bank which was approved by members at last night’s Special General Meeting (refer previous news item). The date these additional interest rate benefits become effective will be communicated to members once the merger date has been finalised with our regulator.

For more information, or to discuss ways to save on your home loan, please call us on 1800 10 10 63 or visit a branch for a chat with our friendly team members.

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Managing Coronavirus

Temporary closure of Charlestown and Jesmond branches from Monday March 23 2020. Reduced Saturday morning branch operations.

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