Westpac Rate Cut 2025. As was widely expected, the rba cut the cash rate today, by 25bp, to 4.1%. For new and existing customers, effective 4 march 2025.

Rba governor michele bullock and banks · source: Westpac, st.george, bank of melbourne and bank sa customers will see their savings account rate drop by 25 basis points on 28 february this year.