The Red Bank takes a sharp knife to its three, four and five year fixed home loan rates, making them all much lower than their main rivals. They also trim term deposit rates

Westpac has reduced its ‘special’ home loan rates for fixed terms of three, four and five years.
And these reductions are substantial. Their three year ‘special’ rate has been cut by -30 bps to 3.69%.
Their four year rate has been cut by -56 bps to 3.79%.
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