Rate decision – 3 March 2020. ANZ announced it will decrease variable interest home loan rates in Australia. Effective 13 March 2020, ANZ will reduce variable interest rates on residential investment loans with interest only repayments by 0.35% p.a. ANZ will reduce other variable interest rates for home, residential investment and line of credit loans by 0.25% p.a. Rates are available for Retail and Business Banking customers and apply up to the first $5,000,000 held by the customer in all investments in the ANZ PIE Fund - Term Option. For rates applicable to amounts in excess of $5,000,000, please contact us. * For 30% and 33% taxpayers, ANZ officially dropped interest rates on both the ANZ Progress Saver and ANZ Online Saver by 0.10%. The ANZ Progress Saver base rate will remain at 0.01% but the bonus rate will drop from 1.94% to 1.84%, leaving the new maximum rate at 1.85% for customers who are able to meet the bonus rate criteria.