Home News CBA hikes fixed interest rates just in time for Christmas

CBA hikes fixed interest rates just in time for Christmas

With Christmas just around the corner, CommBank has hiked its fixed interest rates by up to 25 basis points across various home loans.

By Rachel Horan

First published on 16 Dec 2021

Fact Checked

CBA hikes fixed interest rates just in time for Christmas

Commonwealth Bank has lifted its fixed interest rates across its owner-occupier and investor home loans by up to 25 basis points.

The big bank also increased its fixed interest rates by up to 60 basis points almost three weeks ago.

Some of today's notable fixed rate movements include:

Residential Fixed P&I 4 yrs: 25 basis point increase to 3.49% p.a. (4.34% comparison rate)
Wealth Package Residential Fixed P&I 4 yrs 150k+: 25 basis point increase to 3.34% p.a. (4.10% comparison rate)
Investment Fixed P&I 5 yrs: 20 basis point increase to 3.84% p.a. (4.74% comparison rate)

These hikes come as as many lenders continue with the trending fixed mortgage squeeze, despite the RBA closing off 2021 with the maintained 0.10% cash rate.

Westpac and NAB have also increased fixed interest rates this month.

Image by Lynda Hinton on Unsplash

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Rachel Horan

Rachel is a Finance Journalist, and joined Savings in 2021. Coming from a background in the FinTech space, her interests include the innovation of lending technology, property, investing, and more. With a passion for educating and informing people about their finances, she hopes to increase the financial literacy of everyday Australians.

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