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AMP Banking Interest Rate Changes

Thu, 2008-04-17 17:13 — Broker

Variable Rate Changes

The volatility on financial markets continues to significantly impact AMP Banking cost of funds, with the flow-on effect of AMP Banking having to review pricing - however, the Bank continues to absorb a significant portion of the higher funding costs.

As a result, the following changes have been made to intest rate levels for new business for Introductory Variable Rate Loans and fixed interest rate loans. For new applications received from Monday 21 April 2008.

Introductory Professional Package Variable Rate Loan and the Introductory Classic Variable Rate Loan will increase by 0.25 percent Most fixed interest rates are to increase by 0.15 percent at the same time. 




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