Interest rates up
The Australian and New Zealand Banking Group, Ltd, has joined The Commercial Bank of Australia, Ltd, and the Bank of New South Wales in raising its interest rates [on Australian housing loans iby 0.5 per cent to 10 per icent from April 1. ■ Both the BNSW and the 1C.8.A. raised their rates at the beginning of this week. I The ANZ Banking Group and the BNSW also increased the interest rates on Australian savings bank investment
'accounts by 0.5 per cent to i 8 per cent. The ANZ and the BNSW also intend to increase the interest rates on three to I six months Australian trading bank term deposits under 550.000 from 7.5 per cent to 8 per cent. The Australian Resources ■Development Bank. Ltd. an[nounced earlier in the week [that its was lifting the interest rates on its latest transIferable deposits issue from 10.85 per cent to 0.95 per I cent.
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Press, 29 March 1980, Page 20
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155Interest rates up Press, 29 March 1980, Page 20
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