NAB and Westpac raise interest rates

Last week, NATIONAL Australia Bank (NAB) and Westpac copied its rivals and raised their standard variable interest rates (SVR) by up to 43 basis points. Westpac was the last of the four major banks to raise its rates, lifting them by 35 basis points to 7.86 per cent. The increase adds about $56 to the … [Read the full story]