Fixed rate hike flurry turns into a frenzy
Australia’s biggest banks have added to their recent flurry of fixed rate hikes, with Commonwealth Bank and Westpac lifting rates on fixed term loans for the second time in a fortnight.
CommBank has been one of the most active lenders in raising interest rates on fixed term loans. Photo: Nils Versemann / Shutterstock (Image source: Shutterstock.com)
Australia’s biggest banks have added to their recent flurry of fixed rate hikes, with Commonwealth Bank and Westpac lifting rates on fixed term loans for the second time in a fortnight.
CommBank is no longer offering any fixed rates under 2 per cent after the changes, raising its one, two, three, four and five year fixed interest rates by up to 0.5 per cent.
The biggest rise was for four year fixed rates for owner occupiers paying principal an…
