Citibank cut its three year rate by 0.26 per cent to just 5.99 per cent. The bank has now reduced its fixed rates by 133 basis points since July this year, last Tuesday
As an additional incentive, Citibank is also offering up to $1000 refund to customers looking to purchase a new property or refinance their existing home loan to assist with their application and/or switching costs.
The bank also offers customers a 60 day rate lock at no charge so customers can cost-effectively guarantee the low fixed rate for 60 days after application.
Source: The Adviser