Bendigo and Adelaide Bank announces interest rate changes

Bendigo and Adelaide Bank has today announced changes to the pricing of home loan and savings products following the RBA’s decision to lift the cash rate by 0.25% p.a. on Tuesday.

For Bendigo Bank home loan customers on a Variable Rate Loan, the interest rate will increase by 0.25% p.a. as of Friday 17 November. The Bank will also increase the rate on its Easy Saver deposit product by 0.25% p.a. as of Friday 17 November.

Chief Customer Officer for Consumer Banking Richard Fennell said:

“Bendigo and Adelaide Bank continues to carefully consider the impact of rate changes on borrowers and depositors. As Australia’s most trusted bank we will continue to support our customers as and when they need us.”

Customers who are interested in better understanding how these changes will affect them can complete Bendigo Bank’s free online Home Loan Health Check and can access a range of Calculators and Tools to better understand the impact of these changes, prepare a family budget and more.

Borrowers who are experiencing difficulty are encouraged to get in touch with the bank to discuss their options and how we can help. Customers can speak with their local branch manager or contact the Mortgage Help Centre on 1300 652 146 or visit www.bendigobank.com.au/support/.