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Wednesday, June 20, 2007

Colonial National Bank reduced interest rates take effect

Colonial National Bank's reductions in interest rates which were posted on this blog on 10 May 2007 has taken effect from 19 June 2007 as advertised.

The reductions sees the bank reducing lending rates for home loans and business banking by 0.25% with the bank's variable rate on residential home loans falling from 12.25% to 12% and its 1 year fixed rate on residential and investment property loans falling from 10.40% to 10.15%.

The bank's Business Banking Base Rate falls from 11.95% to 11.70%.

For more information, pls visit Colonial National Bank's website through links at the right hand side of this blog.

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