• Published 6/10/2022
  • Read Time: 1 min

Effective 6 October 2022

  • Fees & Rates

    A category for updates relating to TSB fees and rates.

Effective 6 October 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 6 October 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 20 October 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

Contact us

For more information, feel free to ask one of the team - we’re happy to help.

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