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Changes to fees & charges

Due to an increase in third-party fees from our suppliers, LCU will have to pass on these increases to our third-party fees & charges as well. Good news, ALL ATM transactions are now free when using an ATM on the RediATM network. We have removed the access ATM fee. However, if you use another financial institution's ATM, the ATM owner may charge you a fee that will be debited at the time of the withdrawal, the amount of the charge will depend on the ATM owner.


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Read more: Important Notice

 

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The Reserve Bank of Australia has kept the official cash rate on hold at 1.5 percent in October. This marks thirteen consecutive meetings that have seen the historic low cash rate remain on hold, with the last movement being a 25 basis point rate cut in August 2016.

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Read more: Interest Rate remains at 1.50% in October

 

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As expected, the Reserve Bank of Australia (RBA) has again left the official cash rate on hold at 1.5 per cent, marking one year since the last move. This decision comes ahead of the release of the bank’s Quarterly Statement on Monetary Policy (SoMP) this Friday.

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Read more: Cash Rate August 2017

   

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The Reserve Bank has maintained the official cash rate at 1.5% at its first meeting for the year on 7th February 2017. 


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Read more: RBA keeps cash rate on hold for another month

 

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The Reserve Bank has confirmed its decision to leave the official cash rate unchanged at 1.5 per cent during the board’s final monetary policy meeting for the 2016 year. This announcement, coupled with minor monetary policy changes, comes just in time for the Christmas holidays.


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Read more: RBA Leaves cash rate unchanged

   

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