Following the announcement of the Reserve Bank of Australia’s decision to reduce the cash rate to 0.50%, there will be a 0.25% per annum decrease to FirstRate Saver from 5 March 2020.
You can find the interest rates here. http://www.colonialfirststate.com.au/price_performance/SaverInterestRates.aspx?menutabtype=performance&public=1
WHY THE CHANGE?
The decrease of 0.25% per annum is driven by the reduction in the Reserve Bank of Australia (RBA) Cash Rate announced on the first Tuesday of this month.
WE’RE HERE TO HELP
To find out how these changes may affect you, call us on 13 13 36, or speak to your financial adviser.
Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of super, pension and investment products. This document may include general advice but does not take into account your individual objectives, financial situation or needs. You should read the relevant Product Disclosure Statement (PDS) carefully and assess whether the information is appropriate for you and consider talking to a financial adviser before making an investment decision. A PDS for Colonial First State’s products are available at colonialfirststate.com.au or by calling us on 13 13 36.