News Column

AMP Bank reduces home loan interest rates

July 29, 2014



ENP Newswire - 29 July 2014

Release date- 28072014 - AMP Bank has reduced interest rates for new customers, with its three year term now one of the most competitive in the market.

The new three year fixed term will be 4.85 per cent, which is 0.24 per cent lower than the previous rate of 5.09 per cent.

The new two year fixed term will be 4.85 per cent, 0.14 per cent lower than the previous rate of 4.99 per cent.

The AMP Essential Home Loan will be reduced from 4.90 per cent per annum to 4.74 per cent per annum for new customers.

AMP Bank Chief Operating Officer Rob Slocombe said: 'We know that for most Australians, owning their own home is the most important investment they will ever make.

'AMP Bank's new fixed rate terms are some of the most competitive in the market, and we are pleased to be able to offer customers an attractive rate to purchase their own property sooner,' Mr Slocombe said.

Term

Previous standard rate

New rate

Change

2 year

4.99% p.a.

4.85% p.a.

0.14%

3 year

5.09% p.a.

4.85% p.a.

0.24%

The changes are effective 27 July 2014.

For more information, visit www.amp.com.au/bank or call 13 30 30.


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters