MPA Lender Update - 15/1/2016

AMP Bank reduces variable and fixed rates

AMP Bank reduces variable and fixed rates 

AMP Bank drops interest rates across its variable and fixed rate loans for new customers, effective 18 January 2016.
  • The AMP Essential variable rate loan will drop by 30bp to 4.08% per annum (comparison rate 4.10% per annum).
  • The Basic 3 year fixed rate will drop by 27bp to 4.28% per annum (comparison rate 4.32%per annum).
  • The variable rate on new investor property loans for the Basic loan will reduce by 40bp to 4.57% per annum (comparison rate 4.61%
  • per annum).
  • The Basic 3 year fixed rate for new investor property loans is reducing by 45bp to 4.57% per annum (comparison rate 4.61% per annum).