Frequently Asked Questions – Rates/Accounts

What is the lowest interest rate available? This is a very difficult question to answer as it depends on the lender’s promotions and your specific situation. It will vary frequently, and may even change from day to day. However, it should be noted: sometimes the loan product with the lowest interest rate may not be the most suitable loan for your situation. What is a fixed rate? Home and investment loan interest rates are divided into 2 types: Variable rates A ‘variable interest rate’ is an interest rate can be changed or varied (i.e. increased or decreased) at any time …