Meet some members of our finance team who work tirelessly, analysing, comparing, and reporting to ensure that our members are being looked after, especially now that we are in unprecedented times where rates from the Reserve Bank have increased rapidly over the past months.
The Dnister team has ensured that, unlike the major lenders, for the third time this year the increase to the variable home loan rates has been less than the move in the Reserve Bank cash rate.
When the RBA lifted the cash rate by 0.50% in each of June, July, and August we moved our variable loan rates by only 0.45%. Dnister is now absorbing a minimum of 0.15% of the RBA cash rate increases, for the benefit of many of our members.
“As a member-owned Credit Co-operative our members come first. We are committed to serving our Members fairly, honestly and compassionately. We are continually striving to enhance our members’ financial security and welfare by providing competitive products and service.” Explained Paul Coulson, Chief Financial Officer”
Dnister will be increasing our savings rates by the full 0.50% on our iSaver, Bonus Saver and My Community Saver Accounts in August.
Paul Coulson
Chief Financial Officer
