CDF - Catholic Development Fund | Archdiocese of Canberra and Goulburn

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Interest Rate Movement




Interest Rates

Following the RBA's reduction of the cash rate on 1 May 2012 the decision has been made to reduce both the CDF's standard deposit and loan rates from 1 June 2012.  Term rates are reviewed on a monthly basis but are dependent on other data than just the cash rate. 

For the latest rates clients are asked to contact the manager on 02 6201 9871.




Interest Rate Movement

As at 1 january 2012 interest rates were reduced for both standard deposits and standard loan rates.  The RBA Board does not meet again until February and there is no consensus amongst commentators as to whether the Board will institute further cuts in the 'cash rate'.



Interest Rates

The early round of rate increases on the part of the RBA appears to have ceased. 

On 1 June 2010 the CDF increased deposit rates by .25% in response to the RBA increase in the cash rate to 4.50%.  It was anticipated by some that the RBA would continue to increase the rate by a similar margin in succeeding months.  However, it now appears unlikely that there will be any change to the cash rate in the short term.  For CDF clients this means that deposit rates will remain at their current level. 



Interest Rate Movement

CDF interest rates will increase by .25% from 1 June 2010.  The increase reflects the Reserve Banks movement in the 'cash rate' of .25% on 4 May 2010.

Please contact Victor Dunn 6201 9871 for further advice on available term rates.

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