ME responds to May RBA decision

bg-light-grey

05-May-2023 • Corporate

[br]

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 13 May, 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.
To help customers build up their savings, we have continued to reward them with competitive rates.

Support available for Customers

With the cash rate increasing again following a pause in April, we understand there may be some customers concerned about their financial position or experiencing financial difficulty. These customers are encouraged to contact ME's dedicated Customer Assistance team as soon as possible.

We’re here to help and are ready to talk through options that are right for you.

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

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 13 May 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.