Movement in Interest Rates for Westpac and Colonial

The updates on interest rates released by Westpac and Colonial and posted on the blog today, Tuesday, 3 April 2007, indicate that lending rates for the two banks have remained at the same levels as their last release in early March 2007. Westpac's deposit rates have remained at the same levels while Colonial recorded a change in deposit rates for terms of 9 months which fell from 6% to 5%, while deposits for terms of 1 year fell from 7% to 6%.