Following the RBA's decision to decrease the official cash rate by 0.25%, GMCU will pass on the rate cut in full and decrease home loan variable interest rates by 0.25% p.a., effective 3 June 2025.
Members will be able to see updated repayment amounts in online banking and in the app from 3 June 2025, or on their next statement.
Because we’re member-owned, we always balance the needs of all of our members - including our members with deposits too. While our at-call Advantage Saver will decrease by 0.25% on 1 June – all other at-call deposit interest rate will remain at this time.
Our local team are on hand to discuss your options if you need support in navigating the rate changes. Call us on 1800 MY GMCU (1800 694 628) or send us an enquiry here.
