Potential interest saved if the banks passed on the rate cut on the RBA effective date

Potential interest saved if the banks passed on the rate cut on the RBA effective date

Notes: calculations are estimates based on an owner-occupier paying principal and interest on a starting rate of 6.32% with 25 years remaining. Assumes the borrower's monthly repayment is not made in the 13 day period. Cash rate effective date is 19 Feb. CBA, NAB and ANZ effective date is 28 Feb, Westpac effective date is 4 March for variable rate borrowers.

ABC News Source: Canstar.com.au