Member News & In the Media Featuring the latest news, product information, promotions, interesting tips and helpful advice. Talk to us Phone us Email us Breadcrumbs Firefighters Mutual Bank About Us Member news & media 2022 June Interest Rate Changes June Interest Rate Changes 24 June 24 June Following the Reserve Bank of Australia’s (RBA) decision to increase the cash rate by 0.50%, Firefighters Mutual Bank has changed interest rates on some of our variable rate home loans. Why are we changing interest rates? As market conditions change, we need to adjust our rates to operate sustainably while providing value for all Members. As a Mutual Bank, we are committed to offering competitive rates on our home loans. What’s changing? Effective 24 June 2022, Firefighters Mutual Bank will increase the variable interest rate by 0.50%p.a. for the following home loans: Your Way Basic Variable Your Way Standard Variable Your Way Plus Variable All existing variable rate home loans1 What does this mean for you? If you’re affected by the home loan rate changes, you will receive a communication in the coming weeks about what this means for you. We have a long-standing commitment to hardship assistance and Member service. If you’re experiencing financial hardship and can’t meet your repayment commitments, you can contact 1800 800 225 to discuss your options with us. Membership eligibility applies to join the Bank. All applications for credit are subject to our responsible lending criteria. Fees and charges apply. You can find our Consumer Lending terms and conditions available online or from any of our offices. 1. Variable interest rates on selected existing L73 and L77 Home Loans are exempt.
