On Tuesday 2nd May 2023, the Reserve Bank of Australia (RBA) announced an increase to the cash rate target by 25 basis points to 3.85 per cent.
You can read the full Statement by Philip Lowe, Governor: Monetary Policy Decision here.
As a result, we will be reviewing our interest rate position across our products portfolio to ensure we continue to offer competitive products for both borrowers and depositors and will announce any changes as soon as possible via our website and direct customer communications.
We appreciate your patience.
We acknowledge the Traditional Owners of the lands on which we operate and pay our respects to Elders past and present, and to emerging community leaders. We also acknowledge the important role Aboriginal and Torres Strait Islander peoples continue to play within the communities in which Qudos Bank operates and where our team members reside.
