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• Commonwealth Bank now joins rate lifters club

  thewall.com.au | 6:28 am Feb 13, 2012

  • The Commonwealth Bank has announced it will lift its interest rate by 0.10 per cent following the Reserve Bank's decision that takes the bank's standard variable mortgage rate to 7.41 per cent
  • Commonwealth Bank retail banking services executive Ross McEwan says the official cash rate is just one factor in the bank's total funding costs on and offshore, rather than experience similar problems to those that many banks overseas have experienced
  • Mr Swan has repeatedly urged bank customers to switch if their institution lifts and says Government policies have made it easier to do so

• Commonwealth Bank joins rate lifters club

  abc.net.au | 5:58 am Feb 13, 2012

  The Commonwealth Bank has announced it will lift its interest rate by 0.10 per cent following the Reserve Bank's decision to leave the official cash rate unchanged last week. The increase, which will come into effect on February 20, takes the bank's…

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