The standard variable NAB home loan interest rate will increase by 0.25% p.a., effective from 14 October 2022.
NAB’s savings and term deposit rates are continually under review. In September, NAB increased a number of savings rates by 0.50% and Term Deposit rates by up to 0.85%.
NAB has made more than 30 rate increases on savings products since 1 May. For the latest rates, click here.
NAB Group Executive for Personal Banking, Rachel Slade, said NAB was focussed on supporting customers.
“If you are worried about the impact of increasing interest rates, you have our full support,” Ms Slade said.
“Our home loan specialists can help with a financial health check to make sure you’re on the best rate for your situation and our NAB Assist team is on standby for those who need additional help.
“The best first step is a conversation with us so we can find the best way to look after you – the earlier the better.”
Customers can manage their home loan or make adjustments to their repayments online, through the NAB app or by speaking to a home loan specialist by calling 13 78 79.
To view NAB’s current home loan rates please click here.