ME Bank cuts three-year fixed lending to 4.94% p.a. (comparison rate 5.47% p.a.)

CEO says it’s a great time to lock in historically low fixed rates.

ME Bank today cut its three-year fixed Super Members Home Loan (SMHL) Standard Loan rate by 0.05% to 4.94% p.a., (comparison rate 5.47% p.a.), its lowest rate ever.

The Bank also made cuts to its other three year fixed home and investment loans across the SMHL and Members Equity Home Loan (MEHL) ranges, including loans within a Members Package.

The cut makes ME Bank’s three-year fixed SMHL Standard Loan one of the most competitive available.

Mr Jamie McPhee, CEO ME Bank, said borrowers have a great opportunity to lock in low rates.

“Fixing lets borrowers lock in low rates over the longer- term, which can help you pay off your home loan faster.

“It also provides an insurance policy against increasing interest rates and provides cash-flow certainty if your current circumstances mean higher rates would put you under stress.”

 

MATTHEW READ, MEDIA AND COMMUNICATION MANAGER

P 03 9708 3334 M 0432 130 338 Email

ME Bank is the only bank which is 100 per cent owned by Australia’s leading industry super funds. ME Bank provides industry super fund, union and employer association members with a genuinely fairer banking alternative.