Media Centre
04 Nov 2010
ME Bank continues to offer value for money Home Loans
ME Bank today announced it would be increasing its home loan interest rates by 0.25% p.a., in line with the Reserve Bank's official increase in the cash rate on Tuesday. ME Bank's new Super Members Home Loan standard variable rate will be 7.24% p.a.
This announcement ensures ME Bank continues to offer one of the best value for money home loans in the Australian market.
Jamie McPhee, CEO of ME Bank, said "along with changing our home loan rates only in line with the RBA change, our home loan customers also don't pay any application fees or any ongoing monthly fees, meaning they continue to save over the life of the loan."
Australians think so too. In the 2010 People's Choice awards run by independent financial services rating company Mozo, ME Bank is rated as the best home loan provider in Australia. Plus further independent research shows that on average people who bank with ME Bank are consistently more likely to be satisfied with and recommend ME Bank to their friends and family.*
"Now is the perfect time for members of industry super funds and unions to take a look at their current home loan versus the member benefits of an ME Bank Home Loan," Mr McPhee said.
"With interest rates going up and impacting on disposable income it is a good idea to compare your home loan to what ME Bank has to offer."
This rate change will be effective from Sunday 7th November
Media Enquiries
Jamie McPhee
Chief Executive Officer
ME Bank
0419 836 776
Ian Hendey
Group Executive, Brand and Products
0413 304 601
*CoreData Net Promoter Score (NPS) Survey: The NPS of customer satisfaction is determined by taking the percentage of "promoters", those who are highly likely to recommend the product or service, and subtracting the percentage of "detractors".
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