Financial institutions have cut their deposit rates more than their loan rates over the past two months.The latest Reserve Bank indicator lending rates, published yesterday, show that standard variable mortgage rates fell by an average of 35 basis points in May and 20 basis points in June. Lenders in the RBA data series passed on a total of 55 of the 75 basis point cut in the cash rate in May and June to mortgage borrowers.The average standard variable mortgage rate is now 6.85 per cent and the average discounted variable rate is 6.15 per cent.Small business borrowers did better. According to the RBA figures, the average term loan rate has fallen 60 basis points over the two months to 8.80 per cent. The average small business overdraft rate also fell 60 basis points, to 9.75 per cent.Unsecured personal borrowers got short shrift. Unsecured variable personal loan rates came down an average of 35 basis points to 14.55 per cent and the standard credit card rate came down just five basis points to an average of 19.7 per cent.On the deposit side, online savings account rates fell by an average of 75 basis points over the two months. The average rate for an online savings account is now 3.6 per cent.Cash management account rates fell by 90 basis points to an average of 2.2 per cent.