NAB finally follows suit, Australia's four largest banks have all raised interest rates

The National Bank of Australia, (NAB), finally announced an increase in floating rates.

It has been two months since the action of the other three big banks.

Next, NAB's benchmark floating rate will be raised from 3.69% to 3.87%, leaving old customers unaffected for new customers signed on Friday, Nov. 9; (this is a rare exemption from existing customers)

The standard floating rate remains at 5.24%;

For a 30-year A $ three hundred thousand loan, monthly payments will rise from A $1379 to A $1410.

The other three floating rates are 3.79 percent for the Federal Bank and 3.81 percent for ANZ. Western Pacific Bank 3.98%.