ANZ taking heat for fixed-rate increase
ANZ is facing criticism for increasing its two-year fixed interest rates by 10 basis points, with a blowout in processing times resulting in many applicants not receiving the bank’s market-leading rate as advertised in late March.
ANZ has increased its two-year fixe interest rates, but is still offers lower rates than any big four bank. Photo: Shutterstock (Image source: Shutterstock.com)
ANZ is facing criticism for increasing its two-year fixed interest rates by 10 basis points, with a blowout in processing times resulting in many applicants not receiving the bank’s market-leading rate as advertised in late March.
Since March 20, ANZ had offered a two-year fixed rate of 2.19 per cent, which, according to a bank spokesperson, had been very popular with applicants due to it being the lowest rate on offer from any major Australian …
