Firefighters Mutual Bank announces 0.25% interest rate reductions Talk to us Phone us Email us Breadcrumbs Firefighters Mutual Bank About Us Member news & media 2025 Member news Firefighters Mutual Bank announces 0.25% interest rate reductions 12 August 12 August Firefighters Mutual Bank today announced interest rate reductions for variable home loan members following the Reserve Bank of Australia’s latest decision to reduce the official cash rate by 0.25% to 3.60%. Effective 21 August 2025, Firefighters Mutual Bank will decrease variable home loan interest rates by 0.25% p.a. for new and existing members. Commenting on these changes, Teachers Mutual Bank Limited’s Chief Customer Officer, Greg Johnson said, “The third rate change this year will be welcome news and much-needed relief for our home loan members. “A member with a $500,000 home loan will save an additional $78* per month on their repayments as a result of today’s announcement. “We are also aware of the needs of our savings customers, and will continue to offer competitive rates on their savings. “Our Term Deposit accounts offer a competitive rate as well as choice in when members access their interest which can be paid monthly, 12-month or at maturity.” Members who may need support managing their home loan repayments are encouraged to get in contact with our Member Assist team to discuss tailored solutions based on their individual circumstances. *Based on a $500,000 30-year principal and interest owner occupied variable home loan.
