Rates Table
Home Buying - Owner Occupied
- First Home Buyer PackageBase Rate (% PA)Comparison Rate (% PA)Variable rate3.07%3.08%1 year fixed rate2.05%2.99%2 year fixed rate1.95%2.89%3 year fixed rate1.95%2.80%4 year fixed rate1.95%2.72%5 year fixed rate2.25%2.76%First Home Buyer Silver Credit Card3.07%
(1) The First Home Buyer Package (FHBP) Loan is available on the purchase of a first home, on owner-occupied loans with principal and interest repayments to purchase a new (fully constructed) or established home (not applicable for construction loans).
If you have between 85.01% to 90% Loan to Value Ratio and take out a BankVic first home loan, following settlement, BankVic will refund you 30% of the Lender’s Mortgage Insurance premium. Offer available from 1 September 2020. BankVic may vary or end the offer at any time without notice.
Visa Silver Credit Card: The Visa Silver Credit Card must be obtained with a FHBP loan to be eligible for the interest rate the same as the FHBP Home Loan variable interest rate. Once your FHBP Home Loan is paid out, the Visa Silver Credit Card interest rate will revert to the standard interest rate for the Visa Silver Credit Card.
FHBP Insurance Offer: $100 cash back offer is available when you take out two general insurance policies through BankVic at the same time and obtain an FHBP Home Loan. The cash back will be deposited into your BankVic transaction account on the date your FHBP loan commences.Terms, conditions, limits and exclusions apply.
Base VariableBase Rate (% PA)Comparison Rate (% PA)Variable rate special (1)2.74%2.79%Variable rate3.11%3.16%(1) This owner occupier variable home loan rate offer is for new borrowings and refinances from other financial institutions outside of BankVic. Minimum loan amount of $200,000 with an LVR up to 80%. Offset account not available. The offer is current as at 27 July 2020. BankVic may vary or end the offer at any time without notice.
3 Year Introductory RateBase Rate (% PA)Comparison Rate (% PA)3 year introductory variable rate2.19%2.89%(1) Minimum loan amount of $200,000 for new principal and interest borrowings and refinances from other financial institutions. Upon expiry of the 3 year introductory rate, the interest rate will revert to our Base Variable Rate applicable at that time.
Cash back: Eligible members will receive $1,500 cash back deposited into their BankVic loan account up to 20 days after the loan has funded. Cash back is limited to a maximum of two cash backs (each cash back applied per single property, irrespective of the number of loans involved in the transaction).
Premium Home PackageBase Rate (% PA)Comparison Rate (% PA)Owner occupied - variable rate up to $250k3.67%4.05%Owner occupied - variable rate $250k up to $750k3.52%3.90%Owner occupied - variable rate $750k plus3.42%3.81%Owner occupied - 1 year fixed rate2.05%3.90%Owner occupied - 2 year fixed rate1.95%3.75%Owner occupied - 3 year fixed rate1.95%3.62%Owner occupied - 4 year fixed rate1.95%3.50%Owner occupied - 5 year fixed rate2.25%3.49%Investor - variable rate up to $250k4.39%4.75%Investor - variable rate $250k up to $750k4.24%4.61%Investor - variable rate $750k plus4.19%4.56%Investor - 1 year fixed rate2.44%4.57%Investor - 2 year fixed rate2.44%4.40%Investor - 3 year fixed rate2.44%4.25%Investor - 4 year fixed rate2.79%4.22%Investor - 5 year fixed rate2.79%4.11%(1) Fixed rate benefits cannot be applied to existing products with fixed interest rate periods until the current period is rolled over.
Insurance benefits available on selected insurance policies. Discounts apply only on new policies for the first 12 months.
Early repayment and break costs may apply, please refer to Fees & Charges.
Standard property valuations are defined as those within the Metropolitan area and major regional centres and where the value is under $1 million.
Fixed RateBase Rate (% PA)Comparison Rate (% PA)1 year fixed rate2.15%3.80%2 year fixed rate2.05%3.64%3 year fixed rate2.05%3.49%4 year fixed rate2.05%3.35%5 year fixed rate2.35%3.34%(1) Fixed rates apply for owner occupied loans with principal and interest repayments, at the end of the Fixed Rate period the interest rate will revert to our standard variable rate applicable at that time.
You can make up to $10,000 pa in additional payments without incurring any penalty cost, any amounts exceeding $10,000 may incur a break cost. Please see the fees and charges guide for more information.
Standard VariableBase Rate (% PA)Comparison Rate (% PA)Variable rate3.92%3.97%Offset Variable LoanBase Rate (% PA)Comparison Rate (% PA)Variable rate3.97%4.02%Line of CreditBase Rate (% PA)Variable rate3.92%
Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for our home loan is based
on a on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs.
The rate has been calculated on a loan amount of $150,000 over a term of 25 years.
Rates table
Home Buying - Investor
- Base VariableBase Rate (% PA)Comparison Rate (% PA)Variable rate special (P&I) (1)2.99%3.04%Variable rate (P&I)3.24%3.29%Variable rate (IO)3.49%4.01%
(1) This variable investor home loan rate is for new borrowings and refinances from other financial institutions outside of BankVic. For principal and interest loans only. Offset account not available.
BankVic may vary or end the offer at any time without notice. Minimum loan amount $200,000 with an LVR up to 80%.
Fixed RateBase rate (% PA)Comparison rate (% PA)Investor - 1 year fixed rate (P&I)2.54%4.49%Investor - 2 year fixed rate (P&I)2.54%4.30%Investor - 3 year fixed rate (P&I)2.54%4.14%Investor - 4 year fixed rate (P&I)2.89%4.10%Investor - 5 year fixed rate (P&I)2.89%3.98%Investor - 1 year fixed rate (IO)2.79%4.51%Investor - 2 year fixed rate (IO)2.79%4.35%Investor - 3 year fixed rate (IO)2.79%4.20%Investor - 4 year fixed rate (IO)3.14%4.18%Investor - 5 year fixed rate (IO)3.14%4.08%(1) Fixed rates apply for investment loans with principal and interest repayments, at the end of the Fixed Rate period the interest rate will revert to our standard variable rate applicable at that time.
You can make up to $10,000 pa in additional payments without incurring any penalty cost, any amounts exceeding $10,000 may incur a break cost. Please see the fees and charges guide for more information.
Standard VariableBase rate (% PA)Comparison rate (% PA)Variable rate (P&I)4.64%4.69%Offset Variable LoanBase rate (% PA)Comparison rate (% PA)Variable rate (P&I)4.69%4.74%Line of CreditBase rate (% PA)Line of credit4.64%Wealthbuilder Package (No Longer For Sale)Base Rate (% PA)Comparison rate (% PA)
Different terms, fees or other loan amounts might result in a different comparison rate. Comparison rate for our home loan is based
on a on a new loan for a property purchase secured by a freehold property located within the metropolitan area and associated costs.
The rate has been calculated on a loan amount of $150,000 over a term of 25 years.
Rates table
Banking rates
- Everyday AccountInterest Rate (% PA)Variable Rate0.01%Silver VisaInterest Rate (% PA)6 month introductory rate (1)6.99%Ongoing variable rate11.95%
(1) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.
Gold VisaInterest Rate (% PA)6 month introductory rate (1)6.99%Ongoing variable rate16.95%(1) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.
BankVic Qantas VisaInterest Rate (% PA)6 month introductory rate (1)6.99%6 month balance transfer rate (2)6.99%Ongoing variable rate16.95%(1) Introductory rates are applicable to purchases and balance transfers for the first six months from account opening.
(2) Balance transfer is limited to two credit cards per Visa credit card account and excludes transfers from other BankVic credit cards.
OverdraftInterest Rate (% PA)Variable rate12.95%Personal LoanBase Rate (% PA)Comparison Rate (% PA)Variable rate special (1)7.95%7.95%Variable rate9.95%10.11%(1) This special personal loans rate and no application fee offer is available for applications received prior to 15 March 2021. BankVic may vary or end these rates and offers at any time without notice.
Car LoanBase Rate (% PA)Comparison Rate (% PA)Fixed rate6.99%7.14%Ezesaver (No Longer For Sale)Base Rate (% PA)Base rate balances up to $5 million0.10%Base rate balances $5 million plus0.00%Bonus rate (1)0.15%(1) Bonus rate is additional to the Standard rate and applies when no withdrawals are made in a month.
Anywhere (No Longer For Sale)Base Rate (% PA)Variable rate0.01%(1) Interest is calculated daily and credited on 30 Jun and 31 Dec
Rates table
Savings rates
- Little Copper ClubInterest Rate (% PA)Variable rate0.10%EasyInvestInterest Rate (% PA)Balances up to $5 million0.30%Balances $5 million plus0.01%Bonus SaverInterest rate (% PA)Standard variable rate0.05%Bonus rate up to $5 million (1)0.70%Bonus rate $5 million plus0.01%
(1) Deposit $100 per calendar month, with no withdrawals and we'll reward you with bonus interest. Bonus interest rate is capped at a maximum balance of $5,000,000.
Pension PlusInterest rate (% PA)Balances up to $51,8000.15%Balances $51,800 plus1.05%(1) Interest is calculated using the 'part' balance method on each balance amount that falls within the respective balance tier
Term DepositInterest Rate (% PA)3 months0.85%4 months0.85%5 months0.85%6 months0.85%7 months0.85%8 months0.85%9 months0.85%10 months0.85%11 months0.85%12 months1.05%18 months0.90%24 months0.90%36 months0.90%48 months0.90%60 months0.90%(1) Important advice on early redemptions: Interest rates are fixed for the term of the deposit selected. Available rates vary according to the term of deposit selected and the amount of deposit.
Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term.
If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.
12 Month IncomeInterest Rate (% PA)12 month fixed term1.00%(1) Important advice on early redemptions: Interest rates are fixed for the term of the deposit selected. Available rates vary according to the term of deposit selected and the amount of deposit.
Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term.
If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.
50+ Investment AccountInterest Rate (% PA)1 year term, monthly interest1.00%1 year term, quarterly interest1.01%1 year term, annual interest1.05%2 year term, monthly interest0.85%2 year term, quarterly interest0.86%2 year term, annual interest0.90%3 year term, monthly interest0.85%3 year term, quarterly interest0.86%3 year term, annual interest0.90%4 year term, monthly interest0.85%4 year term, quarterly interest0.86%4 year term, annual interest0.90%5 year term, monthly interest0.85%5 year term, quarterly interest0.86%5 year term, annual interest0.90%(1) Important advice on early redemptions: Interest rates are fixed for the term of the deposit selected. Available rates vary according to the term of deposit selected and the amount of deposit.
Deposits cannot generally be withdrawn prior to maturity. However, we may (at our discretion) agree to a request for the full or partial redemption of a deposit prior to the expiry of its full term.
If an early redemption is required, your request must be made in writing to us - advising the amount that is needed, the reason and the withdrawal details. If the account is held in joint names, all parties are to sign the request, regardless of the method of operating the account. Please note that we may (at our discretion) apply an interest rate reduction.
InvestmentInterest Rate (% PA)Balances up to $5,0000.01%Balances $5,000 up to $25,0000.01%Balances $25,000 up to $50,0000.01%Balances $50,000 plus0.10%SMSF SaverInterest rate (% PA)Balances up to $5 million0.45%Balances $5 million plus0.01%Christmas Club (No Longer For Sale)Base Rate (% PA)Variable rate0.10%Super Future RSA (No Longer For Sale)Base Rate (% PA)Balances up to $5k0.00%Balances $5k up to $20k0.00%Balances $20k up to $50k0.05%Balances $50k plus0.10%3 month term deposit0.50%(1) Tiered with the rate of interest applicable to the balance of your RSA variable account being that as stated above in this table. The rate is applied to the whole balance of the RSA variable account, with the 'whole balance' excluding any balance in a RSA term deposit. $50,000 minimum deposit. Quoted net of all administration fees and before taxes and any government charges. Interest is calculated daily and credited to the RSA variable account every 30th of June and/or on maturity.
14 Day Notice (No longer for sale)Base RateBalances up to $5k0.00%Balances $5k up to $50k0.00%Balances $50k plus0.20%
Fees table
Fees
- Premium home loan package feesFee typesFeesAnnual fee$375New home loan feesFee typesFeesEstablishment fee - valuation required$600Establishment fee - no valuation required$300Additional title search feesUp to $25 per searchExisting home loan feesFee typesFeesEstablishment fee - valuation required$330Establishment fee - no valuation required$220Production of title (held by BankVic)$330Switching loan product when changing type of interest rate$200Security substitution & loan portability$400Home valuation feesFee typesFeesProperty Valuation Fee - Metropolitan$290Property Valuation Fee - Country$330Property inspection fee - Metropolitan$137.50Property inspection fee - Country$155Home settlement feesFee typesFeesAdministration fee upon discharge$295 per lodgementBankVic attendance at settlement$99Transfer fee via RTGS$15Fixed rate loansFee typesFeesFixed loan break costs may be payable (1).
(1) Break costs are an amount equal to our reasonable estimate of our loss as a result of you breaking the fixed interest period. If during a fixed interest period you repay the loan or change from a fixed interest rate loan to a variable interest rate loan or change from one fixed interest loan to another or pay more than $10,000 of the money owing before it is due in a calendar year, then Break Costs may be applied. Refer to the terms of your Loan Contract for full terms and conditions and calculation details.
DEBIT CARD FEESFee typesFeesDisputed transaction$25 per transactionCard replacement in Australia$10Card replacement overseasUSD $175Emergency cash overseasUSD $175International currency conversion fee3.65% of the AUD transaction amountCREDIT CARD FEESFee typesFeesGold Visa annual fee$50Late payment fee$15Cash advance$4 per transactionDisputed transaction$25 per transactionCard replacement in Australia$10Card replacement overseasUSD $175Emergency cash overseasUSD $175International currency conversion fee3.65% of the AUD transaction amountQANTAS VISA FEESFee typesFeesAnnual fee$0Late payment fee$9Cash advance (1)$1.80 per transactionDisputed transaction$25 per transactionCard replacement in Australia$10Card replacement overseas$0Emergency cash overseas$0International currency conversion fee2% of the AUD transaction amount(1) Includes over the counter (domestic & international) and Westpac, St George, Bank SA or Bank of Melbourne ATM withdrawal
CAR & PERSONAL LOAN FEESFee typesFeesPersonal Loan application fee (special offer)$0Application fee$90Lodge or amend security interest on a vehicle$20 per securityPAYMENT FEESFee typesFeesDishonour for insufficient funds for external transfers$9 after 3 attemptsReturned payment due to incorrect bank account details$14BankVic dishonour charge$19Direct debit stopped payment$19Personal cheque book (25 pages)$10BANK DRAFT FEESFee typesFeesForeign currency bank draft$15 per transactionAUD bank draft$15 per transactionReissue$10Cancellation$40Express post fee$6INTERNATIONAL TRANSFER FEESFee typesFeesOutward transfer - foreign currency$30 per transactionOutward transfer - AUD$41 per transactionInward transfer - AUD$5 per transaction charged by AMEXAmendment or trace$55 per transaction charged by AMEXCancellation$40 charged by AMEXRECORD FEESFee typesFeesVoucher archive retrieval - up to 30 days since transaction$6Voucher archive retrieval - up to 30 to 90 days since transaction$7.50Voucher archive retrieval - 90+ days since transaction$10Services fee on a time basis$15 per quarter hourPhotocopy cost$2 per pageAccess to records under privacy act$50OTHER FEESFee typesFeesAdditional or reprint statement fee$2 per pageList of transactions via branch or contact centre$2 per pageDormant account fee (1)$40 per yearCompany search fee$25(1) Dormant fee - applied where there have been no transactions in the account for at least 1 year, we have written to you but you have not given us written notice stating you wish the account to remain open.
EZEPAY FEES (Product No Longer on Sale)Fee typesFeesInternational transaction currency conversion3.65% of the AUD transaction amountOver the counter branch withdrawals$2 per transaction in excess of 4 transactions per monthPhone assisted withdrawals$2 per transactionSUPERFUTURE RSA (PRODUCT NO LONGER ON SALE)Fee typesFeesExit fee RSA fee charged at each withdrawal or transfer (1)$54Income stream charged on 30 June or upon closure of the account$92(1) Exit fees and income stream accounts are indexed each year (at 30 June) in line with movements in Average Weekly Ordinary Time Earnings
ANYWHERE (NO LONGER ON SALE)Fee typesFeesInternational currency conversion fee3.65% of the AUD transaction amount
Terms and conditions
Important things you should know
Information on this page is general in nature and does not take into account your personal circumstances. You should consider whether it is appropriate for you before acquiring the product or service.
Fees and charges may apply. Interest rates are variable and subject to change. Information on our terms & conditions, interest rates and fees & charges are available on request.
We recommend that you read the following documents: