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 1 March 2025.
We’re member-owned and we always balance the needs of all of our members - including members with deposits too.
While some of our savings interest rates will decrease, we will be increasing the rate on our 3 month term deposits to 4.25%*. And our at-call Advantage Saver remains well above the official cash rate attracting up to 4.50% p.a#.
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.
* Rate effective from 1 March 2025 for a 3 month Term Deposit of $5,000 and over, with interest paid at maturity.
# Bonus rate is earned in months where you deposit at least $20 and make no withdrawal (including electronic debits). Variable Interest. Calculated on Daily Balance. Portion in each tier earns the rate for that tier. Interest paid monthly. Refer to Conditions of Use for full details.
