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Community CPS reduces variable interest rate Community CPS reduces variable interest rate Following the Reserve Bank of Australia’s recent decision to reduce the cash rate by 25 basis points, Community CPS Australia has today announced that it will lower its standard variable rate by 0.12%pa effective Tuesday 21 April 2009.
Community CPS Australia’s Chief Executive Officer, Kevin Benger, said that Community CPS understands the pressure that many households face and will continually seek opportunities to reduce the impact on family budgets. Community CPS is committed to remaining competitive in the home loan market and continues to return value to its members in the form of package benefits and no monthly fees. The credit union offers additional benefits to members who take out a home loan of $200,000 or more such as no transaction fees, reduced interest rates on loans and no loan establishment fees and also rewards members of 21 years or more with ‘life membership’ benefits. Community CPS members who would like to find out more about how the reduced standard variable interest rate affects their repayments or who are seeking some financial advice should visit their local Personal Financial Centre or call Community CPS on 13 25 85. |
