Just to keep you up to date, four other banks, Suncorp Metway (SUN), St George (StG), Westpac (WBC) and ANZ, have decided to follow the lead of the Commonwealth Bank (CBA) and pass on some, but not all, of the rate cut.  Each of them dropped their interest rates by .1%, while the NAB refused to pass on any of the rate reduction.  For reference the standard variable rates with each bank are as follows:

ANZ: 5.81% Effective 17th April

CBA: 5.64% Effective 17th April

NAB: 5.74% Continuing

StG: 5.79% Effective 17th April

SUN: 5.8% Effective 20th April

WBC: 5.81% Effective 20th April