Fri, 2008-11-07 10:06

AMP Banking have announced the full 0.75 percent RBA cut will be passed on to customers.
Variable Rate Loans - changes effective as detailed below

• All variable rate loans are decreasing by 0.75% pa
• Effective Sunday 16 November 2008 for new business
• Effective Monday 17 November 2008 for existing business
• Changes impact all variable rate loans and lines of credit, including Practice Finance, Adviser Register & CAPs Loans
• All variable rate changes will be advertised in The Australian on Thursday 13 November 2008