Westpac Banking Corporation
(ASX:WBC) has cut interest rates on its two year fixed rate mortgage packages to 4.99 per cent.
This represents a cut of 0.4 per cent on the current two year fixed interest rate.
It is the lowest offer on Westpac’s two year fixed rates since April 2009.
Retail and Business banking Group Executive Jason Yetton says the offer delivers security and peace of mind for home owners over a significant period of time.
Westpac generated a net profit of $6.03 billion in its 2012 financial year.
