All of the Big Four banks move quickly to pass on interest rate rise

both announced earlier on Tuesday that their home loan interest rates would increase by 0.25 per cent in the coming weeks.Commonwealth Bank and ANZ joined NAB and Westpac in announcing they would pass on the 25 basis point rate rise

"Our experienced teams, as well as tools like our home loan repayment calculator and free home loan check-in, are available to customers to help them better understand these changes. While NetBank Saver's standard variable interest rate will increase by 0.25 per cent per year, their five-month introductory variable rate will increase by 0.70 per cent per annum.

"We are committed to helping our customers navigate the current environment, including through further increases to the interest rates across a number of our deposit products such as increasing our 18 month Term Deposit special to 3.70 per cent p.a.," Angus Sullivan, group executive of retail banking, said in a statement.There was a silver lining to the bad news for homeowners as Westpac also announced a number of increases for deposit customers.

"We know that many of our customers are looking at their finances to help manage changes to their household budgets," he said.

R_DAlessandro9 this would of happened regardless of who won the election

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