NAB has become the first of the big four banks to pass yesterday’s 0.25 per cent interest rate rise on in full, announcing this afternoon it will increase its basic variable home loan rate from 17 November 2023.
NAB has become the first big four bank to pass on the RBA’s November interest rate rise in full.NAB will also increase its reward saver bonus interest rate by 0.25 per cent from the same date, bringing the total savings interest rate to five per cent.
NAB group executive for personal banking Rachel Slade encouraged anyone concerned about their finances to reach out to their bank as soon as possible.
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