Fraud Alert – Please be vigilant when using ATMs as skimming devices have been detected across Metropolitan Brisbane. For more info on how to protect yourself click here.
Following the decision by the Reserve Bank to reduce the official cash rate, QBANK will reduce interest rates on its variable rate home loan products for owner occupiers and investors by 0.15% per annum. Mortgage secured overdraft rates will also be reduced by 0.15% per annum.
The home loan rate changes will be effective from 25 October 2019, while the mortgage secured overdraft rate reduction will be effective from 1 November 2019.
QBANK will also be reducing interest rates on a range of deposit products, effective from 25 October 2019.
Mike Currie, QBANK CEO, said as a member owned bank, we strive to balance the needs of borrowers and deposit holders to ensure that we remain competitive in the market and that QBANK remains a healthy business into the future.
QBANK has recently been alerted to fraudulent activity. Queensland Police have today released a warning for members of the public as Automatic Teller Machine (ATM) card skimming devices have been detected on several ATMs across Metropolitan Brisbane.
As these devastating fires continue to engulf our nation, our thoughts are with our emergency services, those helping evacuate and assist on the frontline, and the communities & families that are suffering during this unprecedented disaster.
QBANK is looking forward to helping even more of our members get into the property market for the first time, after being selected as a panel lender under the Australian Government’s new First Home Loan Deposit Scheme (FHLDS).