| ||AWB moves with market on interest rate rise|| ||
In line with Wednesday’s increase in official rates by the Reserve Bank Australia, AWB Limited today announced an increase in its Variable Indicator Rate of 25 basis points, or 0.25 percent, to 7.25 percent.
The Variable Indicator Rate is applicable to AWB National Pool Harvest Payment.
AWB Limited’s Variable Indicator Rate is now 7.25 percent for loans up to $149,999 and 6.50 percent for loans greater than $500,000.
However, a loyalty bonus of 0.25 percent discount applies to all tiers for growers who take AWB Harvest Payment on all their National Pool deliveries.
The 0.25 percent rate rise will come into effect on Wednesday 22nd May 2002.
Interest Rate Table