After a controversial advertising campaign claiming they have broken up with the other banks, the National Australia Bank (ASX:NAB) will now be selling standard variable rate mortgages more than one per cent lower than competitors.
The discount only applies to online mortgages, which are priced at 6.59 per cent.
The move comes just a couple of weeks after the bank posted a better than expected 16 per cent improvement in first half earnings.
In the six months to March this year, NAB reported a net profit of $2.4 billion.
