Home' InDaily : September 19th 2011 Contents 0.99% for up to 9 months
with a Vertigo
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Important information: Credit criteria, conditions and fees (including Advantage Package annual fee currently $395) and charges apply. The special offers are only for loan amounts over $250,000. Details available in branch or at banksa.com.au. *Savings estimated are indicative only and will vary depending
on individual circumstances and loan amount. Interest rates are subject to change. The special offer package discounts during the offer period 26 July to 30 September 2011 are tiered based on loan size. For loans between $250,000 to $499,999, 0.80% p.a. discount will be applied (save over $10,000 for
eligible loan amounts $260,000 or more); for loans between $500,000 to $749,999, 0.85% p.a . discount will be applied; for loans between $750,000 to $999,999, 0.90% p.a . discount will be applied; for loans greater than $1,000,000, 0.95% p.a . discount will be applied. The interest rate discounts are only
available in Advantage Package. Advantage Package annual fee is payable from an eligible BankSA transaction account. BankSA – A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 ACL 233714.
Five years from now you
might be glad you read this ad.
It could save you over $10,000 on a new home loan*
You don’t want to pay more than you need to on a home loan and, at BankSA, we could certainly help you. Apply for a new BankSA standard variable rate home
loan in an Advantage Package by 30 September 2011 and you could save over $10,000 in 5 years.
For new loans of $260,000 or more in an Advantage
Package, you’ll receive a discount of 0.80% p.a. off our standard variable rate for the life of your loan. An annual package fee applies. To find out more visit
us at banksa.com.au or call 13 13 76.
BANKSA PARTNERSHIP A FINALIST IN NATIONAL ABAF AWARD.
BankSA’s long-running partnership with the Art
Gallery of South Australia has been recognised at
a State level, with the pairing to now contest the
prestigious Australian Business Arts Foundation
awards at a national level next month.
At an ABAF State awards function on the evening
of September 9, it was announced that BankSA
and the Art Gallery’s partnership had been
nominated as a finalist in the national awards
to be announced in Perth on October 11.
BankSA and the Art Gallery of SA are finalists in
the national awards in the category of Production
Resource Group Commitment Awards, for
partnerships developed between businesses and
arts and cultural organisations developed over
a continuous period of seven years or more.
BankSA has been a sponsor of the Art Gallery
of SA since 2001, and the main backer of the
highly successful Departure cultural events
program since 2006.
The Departure program is pitched at people in
their 20’s and 30’s and gives them the chance to
view art and hear from curators in a sophisticated
“after dark’’ setting which includes live music and
BankSA’s general manager of strategy and
operations, Chris Ward, and Art Gallery of SA
director Nick Mitzevich jointly accepted the State
award at the ABAF function on September 9.
The continued volatility on global financial
markets caused by high Government debt levels
in several European countries and tepid growth
rates in the United States is a significant factor in
the future direction of interest rates in Australia.
On one hand the Reserve Bank of Australia is closely
watching inflation levels in Australia and making
sure it doesn’t rise too far, while on the other hand
it is also mindful of the impact on confidence levels
in Australia from the difficulties in Europe.
The significant drop in the Australian sharemarket
since the ASX/S&P200 hit a high for the year on
April 11, 2011 of 4,971 points has a dampening
effect on confidence, while the sharp day-to-day
volatility on the sharemarket is also a concern
BankSA’s view is that the RBA will continue to keep
official interest rates on hold for the remainder
of calendar 2011 unless the situation in Europe
worsens markedly, in which case rate cuts are likely.
BALANCING ACT ON RATES
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