• Published 18/8/2022
  • Read Time: 1 min

Effective 18 August 2022

  • Fees & Rates

    A category for updates relating to TSB fees and rates.

Effective 18 August 2022, TSB increased its AgriBusiness, Commercial and Business variable and revolving credit interest rates as follows:

  • A 0.50% increase to variable rates
  • A 0.50% increase to the revolving credit rate

Because our rates have increased, the applicable interest rate for customers:

  • with existing lending in place as at 18 August 2022 and
  • whose current interest rate* is made up of one of the rates that is increasing 

will increase by the same amount as the increase in the relevant rate (this includes where a margin or discount is applied to your loan).

The increases for these customers will be effective from 1 September 2022

Helpful information to know

  • The changes do not apply to fixed interest rate loans
  • We’re happy to advise your specific rate and payment details on request

*See your loan contract for information on which interest rate applies to your loan.