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 21 August 2025.
Members will be able to see updated repayment amounts in online banking and in the App from 21 August, 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. Effective 1 September, our Advantage Saver interest rate will decrease by 0.25% - but remains well above the official cash rate, attracting up to 4.00% p.a.#. All other at-call deposit interest rates 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.
