Our rates.
Our rates are always competitive. Take a look at our current interest rates and if you’d like to know more, get in touch. Or see what a difference our rates could make for you with our simple calculators
Our special home loan rates.
Specific lending, account and eligibility criteria and Standard Contract Terms along with Credit Fees and Charges apply. These rates are only available for Residential Home Loans with at least 20% equity and Residential Investing Lending with at least 35% equity, or First Home Loans with at least 5% equity. All rates are subject to change.
FirstHome Combo Rates
Rates valid from 15 May 2024
| Product | Rate P.A. |
|---|---|
| FirstHome Combo 1 year fixed rate | 6.14% |
| Residential Floating Rate discount of 2.55%* | 6.19% |
| * For Construction lending for first home buyers only | |
Home loan rates
Rates valid from 13 July 2024
| Term | Special Rates P.A* | Standard Rates P.A. |
|---|---|---|
| Residential Floating Rate / First Home Loan Floating Rate | 8.74% | |
| Residential Investing Floating Rate | 9.24% | |
| 6 months fixed | 7.24% | 7.84% |
| 1 year fixed | 7.14% | 7.74% |
| 18 months fixed | 6.89% | 7.49% |
| 2 years fixed | 6.49% | 7.09% |
| 3 years fixed | 6.35% | 6.95% |
| 4 years fixed | 6.19% | 6.79% |
| 5 years fixed | 6.19% | 6.79% |
| Default interest Rate** | 8.00% | 8.00% |
* These rates are only available for Residential Home Loans with at least 20% equity and Residential Investing Lending with at least 30% equity, or First Home Loans with at least 5% equity.
** Charged above the Home Loan Rate on the default amount if you do not make a payment when it is due.
FirstHome Combo: Rate and discount are for first home buyers only and are subject to change. First Home Loan, residential lending and eligibility criteria, and minimum equity apply. Lending Standard Contract Terms and FirstHome Combo Terms and Conditionsalong with Credit Fees and Charges (including a 0.50% First Home Loan Premium Fee for First Home Loans) also apply and are available on request and free of charge by clicking the above links, from any branch of Superior Bank, or by info@supebk.com.
Home loans: These rates apply to Residential Investing lending and Residential Home Loans only, excluding Reverse Equity Mortgages, and are subject to change. Specific lending and eligibility criteria apply. Lending Standard Contract Terms along with Credit Fees and Charges also apply and are available on request and free of charge by clicking the above links, from any branch of Superior Bank, or by info@supebk.com
Reverse Equity Mortgage Rates
Rates valid from 24 October 2023
| Product | Rate P.A. |
|---|---|
| Advance Floating Rate Loan | 9.95% |
| Superior Bank Unwind Floating Rate | 9.95% |
| Default Interest Rate* |
4.00% |
* Charged above the Reverse Equity Mortgage Rate if you do not make a payment when it is due.
Reverse Equity Mortgages Contact us
These rates apply to Reverse Equity Mortgages only and are subject to change. Superior Bank has suspended offering fixed rates on Advance. Specific lending and eligibility criteria apply. Lending Standard Contract Terms along with Reverse Equity Mortgage Fees and Charges (including a Lender Legal Fee for Individuals or Joint Borrowers of $828 and for Trusts of $885.50 for Superior Bank Unwind and Advance Loans (as applicable)) also apply and are available on request and free of charge by clicking the above links, from any branch of Superior Bank, or by emailing us info@supebk.com.
Our special term investment rates.
Term investments: Minimum investment $1,000, maximum investment $5,000,000.
Term Investments rates are for Redeemable Share Investments. All rates are subject to change.
*Superior Bank 2024 The United States Open Pro-am Prize Terms and Conditions apply.
Savings rates.
Rates valid from 20 April 2023
| Product | Rate P.A. |
|---|---|
| Superior Bank i-save rate | 1.85% |
| Incentive Saver base rate | 0.55% |
| Incentive Saver bonus rate | 2.80% |
| Incentive Saver potential rate | 3.35% |
| Call Account | 1.90% |
Interest rates are subject to change. Account opening and eligibility criteria, fees and charges, and terms and conditions apply.