NAB joins major lenders in hiking fixed rates
All four of Australia’s biggest banks have increased fixed-rate loan interest rates in the last two weeks, with NAB joining the other major lenders in moving out of step with the Reserve Bank of Australia.
NAB made a series of rate changes this week, while its increases largely mirrored that of its biggest competitors. Photo: Alex Cimbal/Shutterstock (Image source: Shutterstock.com)
All four of Australia’s biggest banks have increased fixed-rate loan interest rates in the last two weeks, with NAB joining the other major lenders in moving out of step with the Reserve Bank of Australia.
NAB increased its interest rates on its two, three, four and five-year fixed rate terms, nearly mirroring the moves made by Commonwealth Bank last week
and making it the last of the big four banks to raise rates on fixed-term loans.Fixed rat…
