Macquarie Bank
Effective Date: 28 February 2025
- Interest Rate Reduction: Macquarie will lower its variable reference rates by 0.25%. Customers can view their new interest rate from 28 February 2025 via Macquarie Online or the Macquarie Mobile Banking app.
- Customer Notifications: Customers will receive an email or letter detailing new interest rates and repayments.
- Repayment Changes: New repayment amounts become effective 30 days after the interest rate change
- Principal & Interest Repayments: Shortly after 28 February 2025, an email or letter will be sent advising customers of your new interest rate and repayment. This new repayment is effective 30 days after 28 February 2025.
- For Interest Only repayments: Shortly after 28 February 2025, an email or letter will be sent advising customers of your new interest rate. Your first repayment after 28 February 2025 will change.
