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Gateway Bank announces interest rate cuts in line with RBA cash rate decision

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Following the Reserve Bank of Australia’s cash rate announcement last week, Gateway Bank will be passing on interest rate decreases in full to its Members.

Interest rates will decrease by 25 basis points, for new and existing Members on all of Gateway Bank’s variable owner-occupied and investment loans and a range of term deposit products, as well as our eMax Saver and Edge Accounts.

This change will come into effect on 25 June 2019.

Those with the average home loan of $350,000 over a loan term of 30 years can expect to see a decrease of $49 per month on their home loan repayments.

Further Information

Key facts about all of our products and services are available on the product pages. If you have any questions or would like to speak to someone about the changes, please feel free to contact our Member Care team on 1300 302 474.