AMP Bank has reduced its interest rates for new and existing customers across all variable rate home loans by 20 basis points.
The AMP standard variable home loan interest rate will be reduced to 6.87 per cent per annum.
The AMP Essential Home Loan will be reduced to 5.90 per cent per annum.
The changes come into effect from Friday 15 June for new customers and Monday 18 June for existing customers.