Interest rates have continued to increase with the RBA pushing rates up to combat inflation.
Investors:
It’s good news for investors. Higher investment rates take effect from 6/3/23. There is a special bonus for new funds invested with CCFS on a 12 or 24 month basis. Please check out our investment rates by clicking the link
Borrowers:
All base rate loans will increase by 0.50% effective from 20/03/23. Borrowers with principal and interest repayments will be advised of the new monthly repayment amount by the end of March.
It’s worth noting that the RBA have increased rates 3.25% in the current cycle. CCFS has increased 2.5% with another 0.5% from 20/03/23, a total of 3.0%. We have tried to keep rates down and delay increases as much as possible. It’s possible the RBA will increase rates further in March and April and CCFS will continue to monitor.
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.
