The RBA has pushed the panic button as the cash rate falls to 2.75 per cent. Mortgage holders will naturally be very keen to see how much of the 25 basis point cut is passed on, particularly as the 4 big banks collect approximately $5.5 million for each day they hold out. And so far, it has to be said that the banks have been very quick off the mark. 

The table below shows which banks have passed on the interest rate cut, by how much, when the cuts will take effect and links to details of the various packages.  

You can view more detailed info at:  Compare popular home loans.

Home loan interest rates: updated 13/05/2013 (2:00 PM).

Institution Package (click for more details) Old Interest rate p.a.   New rate p.a. Effective date Rate change Good or bad
AMP Classic Variable Rate Loan 6.50% .  . 6.25% 24/05/2013 -0.25 Green
ANZ Variable rate 6.40%   6.13% 17/05/2013 -0.27% Green
Aussie Optimizer Standard Variable 6.48%   6.23% 15/05/2013 -0.25% Green
Bank of Melbourne Standard Variable Rate 6.40%   6.15% 17/05/2013 -0.25% Green
Bank of Queensland Standard Variable Rate 6.51%   6.26% 24/05/2013 -0.25% Green
BankWest Mortgage Shredder 6.39%   6.14% 20/05/2013 -0.25% Green
Bendigo Bank Variable Rate Residential 6.51%   6.26% 27/05/2013 -0.25% Green
Citibank Standard Variable 6.69%   tba tba tba tba
Commonwealth Bank Standard Variable Rate 6.40%   6.15% 13/05/2013 -0.25 Green
CUA Standard Variable Loan 5.85%    tba tba tba tba
Greater Building Society Getaways Home Loan 6.05%   5.75% 09/05/2013 -0.30% Green
Homestar Advantage Loan 5.73%   tba tba tba tba
HSBC Variable 6.45%   tba tba tba tba
ING Direct Mortgage Simplifier 5.72%   5.47% 17/05/2013 -0.25% Green
ME Bank Standard Home Loan** 5.88%   5.63% 28/05/2013 -0.25% Green
MyRate.com.au Advantage Loan 5.67%   5.42% 17/05/2013 -0.25% Green
NAB Tailored home Loan 6.38%   6.13% 13/05/2013 -0.25% Green
RAMS RAMS Full Feature 6.35%   6.10% 13/05/2013 -0.25% Green
St George Standard Variable Rate 6.49%   6.24% 20/05/2013 -0.25% Green
State Custodians Standard Variable Offset (<75%) 5.44%   tba tba tba tba
Suncorp Standard Variable Loan 6.49%   6.24% 24/05/2013 -0.25% Green
UBank UHomeLoan (refinance only) 5.12%   4.87% 17/05/2013 -0.25% Green
Westpac Rocket Repay Home Loan 6.51%   6.26% 20/05/2013 -0.25% Green

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* The comparison rate indicated is the rate published by the specific financial institution. For more details on how this rate is calculated please refer to the specific financial institution. ** Non Members. The views in this article are those of the author Matthew King and are not necessarily those of Telstra BigPond.