Investors:
It’s good news for investors. Higher investment rates take effect from 30/05/2023. Online Accumulator, some term investments, MEA and LSL accounts have all increased. Please check out our investment rates by clicking the link
Loans:
All base rate loans will increase by 0.50% effective from 15/06/23. Borrowers with principal and interest repayments will be advised of the new monthly repayment amount by the end of June.
We have tried to keep rates down and delay increases as much as possible. We continue to monitor the situation, it’s possible the RBA will increase rates further.
Offset Accounts:
One practical way borrowers can keep interest costs down is through the use of offset accounts. Further information can be found here or by downloading our brochure in the resources page.
Please feel free to contact Stuart Campbell, Pieter Brink (in WA) or our customer service team on 1300 692 237 if you have any questions.
CCFS is aware of the impact rising interest rates can on borrowers and we continue to keep increases as low as possible.
