Isn’t it time you Fixed your Interest rate?

If you’re tossing up your next loan or financial product between a fixed or variable rate, the choice in February and onwards is clearer than ever. With interest rates at an all time low of over 40 years, now is better than ever to take advantage of peaking low rates.
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Official RBA Rate: 3.25%

Even at 7.25%, the rate of March 2008 is an enticing and attractive rate to consider fixing your next financial product. It won’t be necessary to run in and snap up the all time low cash rate as soon as possible. Over the next few months, the RBA plans to either keep rates where they are, or possibly slash rates further at intervals of 50 basis points.
While you could wait a bit longer in an attempt to secure an even lower fixed rate, the likelihood of a rate increase anytime soon is slim to none.
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Can I go about Fixing my Credit Card Rate?

By default, credit card interest rates are variable. If you have strong financial backing and have an excellent credit history, you may be in a position to negotiate, however this will only apply to a vast minority.
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Otherwise, it’s best to opt in for a promotional fixed rate over a set period of time. An instance of this is Aussie’s ‘9.99% on purchases for 12 months’ offer.
Even if the official cash rate were to drop to 2.00%, it will be unlikely the majority of banks will match it, let alone take action quickly. Offers like these allow us piece of mind, and avoid the frustration of relatively high rates when the official rate is skimming low digits.

Related posts:

1. St. George Home Loans – Fixed Rate Home Loan
2. How To Minimise Interest Rate Hike Impact
3. How Interest Rate Changes Work
4. Why is Credit Card Interest Rising when Rates are Dropping?
5. St. George Standard Variable Rate Home Loan – Details & Application
6. How to Find the Cheapest Interest Rate Credit Card?
7. Interest Rate Repayment Explanation

Editor's Choice: Our Top Credit Cards

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
St George Vertigo	Editor's Choice: Low Interest Low 2.99% for 6 months (reverts to 11.99%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks.	2.99% for 6 months (reverts to 11.99%)	20.74%	2.99% for 6 months	$55	55
Coles Group Source MasterCard	The Coles Group Source MasterCard has no annual fee, a 0% p.a. balance transfer offer for 6 months, with a rewards program including savings on fuel and FlyBuys Points	19.74%	21.99%	0% for 6 months	$0	62
Bankwest Zero Platinum MasterCard	Editor's Choice: No Annual Fee Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 9 months on balance transfers	16.99%	16.99%	1.99% for 9 months	$0	55