Understand the impact of the RBA rate cuts and what it means for your finances and investments.

RBA Cuts Rates – What It Means

March 12, 20252 min read

RBA Cuts Rates – What It Means

Big news today – as we expected the RBA has cut the cash rate by 0.25%. 

If you’ve got a mortgage, you might be wondering: Will my bank pass on the savings? And when?

Here’s a quick breakdown of what we know so far:

🏦 Lenders passing on the full 0.25% cut:

·         NAB – 28 Feb

·         CommBank – 28 Feb

·         ANZ – 28 Feb

·         Westpac – 4 Mar

·         Bank of Melbourne, St George, BankSA – 4 Mar

Still waiting for confirmation (but we would expect a full 0.25% cut as well)

·         Macquarie, BankWest, Suncorp, ING, HSBC, Bendigo, AMP

How Will This Affect Your Finances?

If your lender passes on the cut, you could save a fair bit. The analysis below suggests the average borrower will save at least $100 a month on home loan repayments. Here’s a breakdown of potential savings:

RBA

What Should You Do Next?

💡 Check your rate – If your bank isn’t passing on the cut (or is slow to do so), it might be time to explore better options.

💡 Consider refinancing – A lower rate could mean big savings, message us with "refinance" and we will get your sorted.

💡 Want a review? – To make sure your lender is looking after you, just reply with your current interest rate, and we’ll fire back some comparison rates to help you save more!

Let’s make sure you’re making the most of this!

This blog contains information that is general in nature. It does not constitute financial or taxation advice. The information does not take into account your objectives, needs and circumstances. We recommend that you obtain investment and taxation advice specific to your investment objectives, financial situation and particular needs before making any investment decision or acting on any of the information contained in this document. Subject to law, Cobalt Advisers Pty Ltd nor their directors, employees or authorised representatives, do not give any representation or warranty as to the reliability, accuracy or completeness of the information; or accepts any responsibility for any person acting, or refraining from acting, on the basis of the information contained in this document.

 

 

James Harris is the founder of 7Wealth and a financial adviser with a passion for helping people take control of their wealth and retire with confidence. With years of experience guiding clients through smart financial strategies, James simplifies the complex, ensuring his clients make informed decisions about their future. When he's not shaping financial success, he's embracing adventure with his family, having spent 15 months traveling Australia in a caravan.

James Harris

James Harris is the founder of 7Wealth and a financial adviser with a passion for helping people take control of their wealth and retire with confidence. With years of experience guiding clients through smart financial strategies, James simplifies the complex, ensuring his clients make informed decisions about their future. When he's not shaping financial success, he's embracing adventure with his family, having spent 15 months traveling Australia in a caravan.

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