Westpac Rate Cut 2025 Australia

Westpac Rate Cut 2025 Australia. Ellis believes that february's interest rate cut will be the first of four in 2025. Westpac, st.george, bank of melbourne and bank sa customers will see their savings account rate drop by 25 basis points on 28 february this year.

For new and existing customers, effective 4 march 2025. Nab, commonwealth bank, westpac and anz have all announced they will pass on the reserve bank of australia’s interest rate cut to customers.