Interest-only and commercial loan interest rates reduced

Following the recent reduction in official cash rates from the Reserve Bank of Australia (RBA), Queensland Country has reviewed the interest rates applicable across our full range of savings and lending products.

Effective from 5 November 2019, the interest rates on home loans with interest-only repayments and Commercial Loans will both reduce by 0.25%p.a. The interest rate on our Standard Variable Rate home loans will remain unchanged. All interest rates will be reviewed again following the next meeting of the RBA, which is scheduled for 5 November 2019.

Queensland Country strives to deliver Members a combination of competitive savings and loan products and the highest levels of service. We constantly monitor the interest rates and product features we offer against our competitors and our research suggests our products continue to provide excellent value. Should you have any questions about this, or any other aspect of your banking, please feel welcome to contact us on 1800 075 078.