Interest Rates Updates

The Reserve Bank of Australia (RBA) has officially cut the cash rate by 25 basis points in February, reducing it from 4.35% to 4.10% p.a.

Eden Emerald Mortgages will provide rolling updates below on each lender’s announcements regarding the February 2025 rate cut and whether it will be passed on to variable-rate home loans.

ANZ interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 28 February
New lowest advertised variable rate:
Other info:

Athena interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 18 February
New lowest advertised variable rate:
Other info: Athena was the first lender to officially drop its rates, the 0.25% cut effective immediately to all variable rate customers.

Bank Australia interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 04 March
New lowest advertised variable rate:
Other info:

Bank of Melbourne interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 04 March
New lowest advertised variable rate:
Other info:

BankSA interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 04 March
New lowest advertised variable rate:
Other info:

Bankwest interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 28 February
New lowest advertised variable rate:
Other info:

Commonwealth Bank interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 28 February
New lowest advertised variable rate:
Other info:

Defence Bank interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 27 February
New lowest advertised variable rate:
Other info:

Greater Bank interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 07 March
New lowest advertised variable rate:
Other info:

Homeloans.com.au interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 5 March
New lowest advertised variable rate:
Other info:

ING interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 4 March
New lowest advertised variable rate:
Other info:

Macquarie Bank interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 28 February
New lowest advertised variable rate:
Other info:

NAB interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 28 February
New lowest advertised variable rate:
Other info:

Newcastle Permanent interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 07 March
New lowest advertised variable rate:
Other info:

Pepper Money interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 5 March
New lowest advertised variable rate:
Other info:

Resimac interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 04 March
New lowest advertised variable rate:
Other info:

St George interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 04 March
New lowest advertised variable rate:
Other info:

State custodians interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 05 March
New lowest advertised variable rate:
Other info:

Suncorp interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 28 February
New lowest advertised variable rate:
Other info:

The Mutual Bank interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 04 March
New lowest advertised variable rate:
Other info:

Ubank interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 27 February
New lowest advertised variable rate:
Other info:

Unloan interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 21 February
New lowest advertised variable rate:
Other info:

Westpac interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 4 March
New lowest advertised variable rate:
Other info:

Yellow Brick Road interest rate cut

Rate cut: 25 basis points
Applies to: Variable-rate home loans:
Announcement date: 18 February
Effective date: 28 February
New lowest advertised variable rate:
Other info: