{"id":37730,"date":"2025-09-02T02:36:09","date_gmt":"2025-09-02T02:36:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/37730\/"},"modified":"2025-09-02T02:36:09","modified_gmt":"2025-09-02T02:36:09","slug":"suncorp-bank-undercuts-majors-with-sharp-two-year-fix","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/37730\/","title":{"rendered":"Suncorp Bank undercuts majors with sharp two-year fix"},"content":{"rendered":"<p dir=\"ltr\">Almost all major lenders acted swiftly when the <a href=\"https:\/\/www.mpamag.com\/au\/companies\/reserve-bank-of-australia\/545640\" rel=\"nofollow noopener\" target=\"_blank\">Reserve Bank of Australia<\/a> (RBA) <a href=\"https:\/\/www.mpamag.com\/au\/mortgage-industry\/market-updates\/mortgage-broking-industry-reacts-to-rba-interest-rate-call\/545820\" target=\"_blank\" rel=\"nofollow noopener\">slashed the overnight rate by 25 basis points in August<\/a>.<\/p>\n<p dir=\"ltr\">4.99% quickly emerged at the industry standard on a two-year fix, but Suncorp Bank has sharpened its competitive edge by trimming another 20 basis points to 4.79% on an 80% LVR loan.<\/p>\n<p dir=\"ltr\">At the time of writing, it was a sharper deal than comparative loans offered up by the Big Four (including Suncorp Bank\u2019s parent company <a href=\"https:\/\/www.mpamag.com\/au\/companies\/anz\/421553\" rel=\"nofollow noopener\" target=\"_blank\"><a href=\"https:\/\/www.mpamag.com\/au\/companies\/anz\/300467\" rel=\"nofollow noopener\" target=\"_blank\">ANZ<\/a>) and Macquarie.<\/p>\n<p dir=\"ltr\">For how long though, is another question, given the hotly competitive nature of Australia\u2019s mortgage market.<\/p>\n<p dir=\"ltr\">Additionally, the majority of buyers remain reluctant to move off their variable loans to a fix, given the likelihood of the RBA slashing the cash rate at least once again before the year comes to a close.<\/p>\n","protected":false},"excerpt":{"rendered":"Almost all major lenders acted swiftly when the Reserve Bank of Australia (RBA) slashed the overnight rate by&hellip;\n","protected":false},"author":2,"featured_media":37731,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,179,18,19,21934,17,6103,29166],"class_list":{"0":"post-37730","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-eire","11":"tag-ie","12":"tag-interest-rate","13":"tag-ireland","14":"tag-rates","15":"tag-rba-cash-rate"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/37730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=37730"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/37730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/37731"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=37730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=37730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=37730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}