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Heritage Bank cutting rates for investors

Heritage Bank cutting rates for investors

31 Jan, 2019 - 1 min read

Heritage Bank cutting rates for investors

Finally some good news for investors; Heritage Bank is decreasing some of its investment home loan rates by up to 32 basis points as of 1 February 2019.

These changes include:

Decrease to Investment Principal & Interest and Interest Only Home Advantage interest rates (all tiers) by up to 22 basis points;
Decrease to Investment Principal & Interest and Interest Only Discount Variable (all tiers) by up to 32 basis points;
Decrease to Investment Interest Only 1-year fixed interest rate by 15 basis points;
Decrease to Investment Interest Only 2-year fixed interest rate by 15 basis points.

This announcement comes one week after big four bank, NAB, lifted its rates by 0.12 per cent for owner occupiers paying principal and interest, and 0.16 per cent for investors and interest only customers.

Disclaimer

This article is over two years old, last updated on January 31, 2019. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent home loans articles.

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This article was reviewed by Property & Personal Finance Writer Nick Bendel before it was published as part of RateCity's Fact Check process.

Alex Ritchie

Personal Finance Editor

Alex Ritchie is a Personal Finance Writer and Editor at RateCity, and has been writing about Australian finance for over six years. Her expertise and passion covers loans, credit, superannuation, and closing the gender pay gap, and she aims to help young Aussies to overcome their financial apathy. Alongside RateCity, Alex has been published in numerous publications, including Australia's Money Magazine, Business Insider, Lifehacker Australia, and in health via NPS MedicineWise.