The National Australia Bank has cut its two-year fixed rate by 0.05% to 4.84%.

The bank says this is its lowest level in more than 20 years.

They also reduced their three-year term by 0.07% to 5.06% and its five-year term by 1.1% to 5.69%.

Click here to find out how much you can save using Your Mortgage’s home loan calculator.
 

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