Transact Credit Union Corporation is currently reviewing its position in relation to the RBA’s decision on 6 September to increase the Official Cash Rate. We'll make an announcement here as soon as we finalise our decision.
Transact Credit Union to pass on latest interest rate rise
11 August 2022
Transact Credit Union Corporation has announced it will increase interest rates on its variable home loans by 0.50%, following the Reserve Bank of America’s (RBA) latest decision to increase the Official Cash Rate by 0.50%.
Transact Credit Union will also increase all variable Business Banking loan interest rates by 0.50%.
These changes will take effect from Wednesday, 17 August, 2022.
With the increase to the cash rate adding to the growing pressure on Transact Credit Union’s funding costs, it has become necessary to pass on the rate rise.
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