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Variable Interest Rate Increase 0.35% at BankWest

Australian Bank lifts interest rates 0.10 percent above the Reserve Bank 0.25 percent increase

Tuesday 11th March 2008

Bankwest today announced variable interest rate home loans will increase by between 0.25 percent and 0.35 percent following the Reserve Bank of Australia official rate rise of 0.25 percent earlier this month.

The increase will be effective from tomorrow Wednesday the 12th of March 2008

Variable rate home loans increasing by 0.25 percent are the Mortgage Shredder 12 Month Variable Intro and the Mortgage Shredder

Mortgage Shredder 12 Month Fixed Intro is increasing by 0.29 percent

Variable home loan products increasing by 0.35 percent include BankWest Lite Plus Home Loan, BankWest Easy Doc Home Loan, BankWest Seniors Equity Release and BankWest Equity Access.