Westpac Rate Cut 2025 Impact. Westpac life total variable rate with bonus interest will decrease by 0.25% p.a. To 4.75% p.a., effective 28 february*.

The ceos of commonwealth bank, national australia bank, westpac and anz are tipping two to three interest rate cuts next year, agreeing the first cut should come within. To 4.75% p.a., effective 28 february*.