LIBOR changes have been announced
Dec 31 2018
From 01 January 2019, the 3 month London Interbank Offered Rate (LIBOR), which is applicable to all InterBay products, has changed to 0.91%.
As a result, all variable products for new and existing customers will be subject to change in accordance with the new LIBOR rate and the products terms and conditions.
The good news is that all fixed-rate applications submitted before the change will stay at the current rate, providing the application completes by 31 March 2019.
This is all part of our ongoing mission to provide our partners with the necessary support and stability when we can – especially through times of change.
Please contact your Senior Business Development Manager to find out more about these changes.