RBA interest rate decrease, May 2025
On 20 May 2025, the Reserve Bank of Australia announced a decrease to the official cash rate from 4.10% to 3.85% - a decrease of 0.25%.
BankVic will pass on the full 0.25% decrease to all variable rate home loan accounts, with the changes effective from 3 June 2025.
We will be writing to all our home loan members soon to let them know their new loan details and repayments.
Change to savings account interest rates
BankVic is decreasing the interest rates by 0.25% on Bonus Saver, EasyInvest, and Pension Plus accounts, effective 1 June 2025.
For more information on the RBA decision, view the full statement by RBA Governor Michele Bullock.
