10-Mar-2023 • Corporate

ME has today announced interest rate changes for home loan customers, following the Reserve Bank of Australia’s (RBA) decision to increase the cash rate by 0.25%.  

For home loan customers  

•    From 11 March, ME will lift variable home loan interest rates by 0.25% per annum (p.a.) for new and existing customers.   

Responding to savings customers 

•    ME understands the ongoing challenges this environment has presented to household budgets. 
•    We have continued to reward customers by helping them build up their savings.  
•    This month, ME lifted the rates on key term deposit products as well as to its popular Online Savings Account.   

Support available for Customers   

ME has a range of online resources available for customers including various calculators to help plan your budget.    

Customers who have questions about the current rate environment or are experiencing financial difficulty are encouraged to contact ME’s dedicated Customer Assistance team as soon as they can. We’re here to help and ready to discuss possible solutions that are right for you. 

For existing home lending customers on a variable rate, ME will advise them of their new repayment amount. ME encourages customers to call 13 15 63 if they require further assistance or support.   

Legal notes:   

Interest rates from 11 March are subject to change. Terms, conditions, fees and charges apply. This is general information only and you should consider if these products are appropriate for you.   
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