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Media releases

Westpac cuts fixed home loan rates


27 September 2011

Westpac has cut the one-, two- and three-year fixed rates on its award-winning Premier Advantage Package (PAP) by up to 20 basis points.

Westpac’s new rates for 1-3 year terms are 6.49% on a one and two year term, and 6.44% for three year term home loans. This means that Westpac customers not only get one of the top fixed rates in the market but also enjoy the certainty of fixed repayments.

In addition, Westpac’s current Spring Home Loan Celebration promotion is offering Westpac customers a range of additional incentives on our standard variable rates on new home loans under our Premier Advantage Package.

These incentives include a discount of up to 0.80% off the standard rate on a variable home loan as well as the benefits of a fully-featured home loan, including free loan increases, switching and portability, a range of annual fee-free credit cards, no account keeping fees on savings accounts and discounts on other products including our market leading Home and Contents Insurance.