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Industry news

Reserve Bank of Australia announces increase in cash rate


Paul Graham, CEO

03 May 2022 • 1 min
phone in pocket

The Reserve Bank of Australia has announced an increase in the cash rate. For Keystart customers, our interest rate policy is to use the average of the standard variable interest rate of the four major banks. We’ll be watching to see any change in these lenders and will announce any change on our interest rate on our website and on this page. You can read more by accessing our Financial Wellbeing Guide to Interest Rates we created to help our customers via our website. 

How interest rates work and what triggers a rate change

 

Keystart recommends that you seek your own independent financial advice prior to making any decisions about your financial needs. Any examples given in this post are provided for illustrative purposes only.