Leveraged Equities first to pass on Reserve Bank rate cut in full
Leveraged Equities, part of the Bendigo & Adelaide Bank group, will reduce variable interest rates across their Margin Loan and Investment Funds Multiplier products by 0.25% per annum. The new rates take effect from 13 February 2015.
Alexandra Tullio, Executive, Leveraged Equities said: "Historically low interest rates are good news for borrowers and we are pleased to be able to announce Leveraged Equities will be first to pass on the savings to our customers. In recent weeks we have seen investors new to gearing borrowing to invest, primarily in order to diversify their portfolios and obtain greater market exposure.
"In terms of recent market trends, we're still seeing relatively conservative levels of gearing. New loan applications are steady and while not at the same leve