Ford Escape VS Skoda Octavia
Ford Escape
Likes
- Good genuine electric driving range
- Decent packaging
- Palatable price
Dislikes
- Why ST-Line spec?
- Make sure your use case fits the limitations
- A lot more expensive than petrol-only ST-Line
Skoda Octavia
Likes
- Value (including ownership)
- Safety
- Dynamics
Dislikes
- No rear seat power options
- Non-linear power delivery
- Requires premium unleaded
Summary
Ford Escape
We might have been excited to see the new generation Ford Ranger and Ford Everest models in 2022, but the real star of the show for the Blue Oval brand could well be this - its first electrified model to make it to Australia, the new Ford Escape PHEV.
If you’ve seen the letters PHEV before and not understood what it meant, don’t stress - you’re not alone. It stands for Plug-in Hybrid Electric Vehicle. And what that means is that this car comes with a battery bank and electric motor, a port to plug it in and recharge it to drive on EV power only, and it also has a petrol engine to make sure you’re not stuck when you run out of charge.
I’ll run through all the details on the drivetrain below, but think of it this way - if you want a Toyota RAV4 Hybrid but want the possibility to drive on dedicated electric power for up to (and in excess of) 50 kilometres on a charge, this could be the right car for you…
| Safety rating | |
|---|---|
| Engine Type | 2.5L turbo |
| Fuel Type | Hybrid with Premium Unleaded |
| Fuel Efficiency | 1.5L/100km |
| Seating | 5 seats |
Skoda Octavia
Skoda’s a bit like that brooding, low-key actor you know but sometimes struggle to recall. Like Jacqueline McKenzie or Ben Mendelsohn. Considered and respected but far from a preening red carpet showboat.
And the mid-size Octavia is the quintessential Skoda… for people seeking quality engineering and tech without feeling the need to make a boastful badge statement.
The fourth-gen Octavia has been in market here for three years and on the back of a recent safety upgrade this new SportLine model, offered in five-door Liftback and traditional Wagon form, adds extra design and specification spice for the same money as the existing entry-level Style.
Read more about
It lines up against traditional sedans and wagons like Toyota’s all-conquering Camry, established players like the Mazda6 and in-demand newcomers like the BYD Seal EV, not to mention the usual medium SUV suspects.
Stay with us on this first drive to see if this SportLine has what it takes to steer you towards the Skoda Octavia.
| Safety rating | |
|---|---|
| Engine Type | 1.4L turbo |
| Fuel Type | — |
| Fuel Efficiency | 5.8L/100km |
| Seating | 5 seats |
Verdict
Ford Escape7.8/10
The Ford Escape PHEV is a good option for a customer who knows they’ll live within the parameters set by the car. That’s the case with any plug-in hybrid, really, so in that regard, this new model is hardly a standout.
And it isn’t particularly outstanding in any other way either. I personally would have appreciated it if Ford had decided to add the plug-in powertrain to the Vignale flagship model instead - that model is more about luxury than sportiness, and would better fit the character of this powertrain in my opinion.
It’s a decent addition to the brand’s SUV range, and a welcome one to the segment, though it won’t be on its own for long.
Skoda Octavia8.1/10
Is the Octavia SportLine your kind of automotive quiet achiever? It’s well-equipped and keenly priced with sleek yet understated looks, top-notch safety and a compelling ownership package.
It’s also fuel-efficient for its size and a refined, enjoyable drive. Before you go down that well-trodden mid-size SUV path I’d suggest adding this Skoda - Liftback or Wagon - to your new car short-list.
Note: CarsGuide attended this event as a guest of the manufacturer, with accommodation and meals provided.
Design
Ford Escape
I haven’t really warmed to the “I wish I was a hatchback” styling of the Escape, which has a softer-edged look to it than most of its rivals. I mean, compared to a Hyundai Tucson or Toyota RAV4, the Escape looks like a blob.
That mightn’t be an issue for you, and it’s hardly a reason not to buy the car, but I was also a bit disappointed that there’s no real specific highlights to make you realise you’re buying the PHEV model, which - at $15,000 more than the equivalent petrol version - should have something to differentiate it other than the addition of a small badge and the additional filler cap on the front quarter panel for the plug.
Even a different set of wheels would have sufficed. Alas, it’s an identical looking Escape to the petrol. That means the ST-Line trimmings, such as black highlights on the grille and bumper, side skirts, a rear spoiler, and those 18-inch wheels and lowered sports suspension.
The interior, as mentioned in the pricing section, does have a few changes over the petrol version, but they’re hardly game-changing additions.
Skoda Octavia
The Skoda Octavia is a crisp, contemporary design combining firm character lines and carefully sculpted larger surfaces with a hint of the brand’s VW Group ownership peeking through here and there.
And it’s efficient aerodynamically with a drag coefficient (Cd) of 0.259 for the Liftback and 0.287 for the Wagon.
The broad black grille is uniquely Skoda although the rear treatment is closer to generic premium Euro. Swap out the Skoda badging for four rings or a blue, black and white roundel and no one would bat an eyelid.
But the SportLine stands apart thanks to a gloss-black finish on the grille, mirror covers, rear spoiler on the Liftback and roof rails on the Wagon.
On top of that a rear diffuser and front spoiler have been added, the window surrounds are matt black and dual exhaust tips finish off the rear end.
The interior is dominated by a handsome multi-layer dash design with a 10-inch multimedia touchscreen in the centre and a 10.25-inch ‘Virtual Cockpit’ instrument display facing the driver.
The grippy ‘leather-appointed’, flat-bottom steering wheel has shift paddles lurking behind the rim, there are sporty alloy covers on the pedals and the roof lining is black.
The cloth ‘Sports Comfort’ seats look and feel great, the materials used are high quality and the Octavia shares its umbrella-in-the-door trick with Rolls-Royce, although it must be said, the latter provides two.
Practicality
Ford Escape
The Ford Escape looks like it has all the bits to make a midsize SUV buyer happy. And while a fair few of the boxes are ticked, there are some elements that could be better.
The big party trick is that the second row is on rails, so you can slide it forwards or backwards to improve the space for receipt occupants or improve your boot space. The maximised cargo area is 556 litres to the ceiling, while if prioritise second-row occupant space there is easily enough room for a 182cm / 6’0” adult to fit behind someone of a similar size.
In the boot there are remote levers for the second row seats to fold down, a 12 V outlet, and a soft parcel shelf which is easy to remove, too.
During my time with the car I had the seats slid back as far as they go to maximise cabin space, though I did test out whether it was worth having them forward and the boot space was appreciably better especially for a pram and some baby stuff.
The second-row is a 60:40 split for the backrest, with the smaller portion on the driver’s side. That may sound trivial, but we had our baby seat set up behind the passenger, and had to move it to the driver’s side when we picked up a large parcel as it wouldn’t fit with the smaller portion folded down. There are dual ISOFIX child seat anchor points for the outboard positions, and three top-tether hooks.
The boot space is good too, considering it has some extra hardware to contend with under the body, there is also a space-saver spare wheel under there which is nice. However, there is no dedicated hidey hole for the charge cable, and it doesn’t come in a nice stowable bag either - just a plastic ziplock thing.
Perhaps the biggest letdown of the interior is the fact that you still get the tiny little tablet-style 8.0-inch touchscreen media display, despite there being a big 12.3-inch digital instrument cluster. The two screens almost look at odds with one another, and what’s even more frustrating is that the driver information screen cannot be configured to include the energy flow screen that you see on the smaller tablet style unit.
That means you can’t watch what’s happening between engine, electric motor and battery, or a combination where you might expect to see that - instead it can only be seen in illustrative form on the smaller central screen. Big issue? Maybe not, but if you’re an eco-conscious customer who wants to know what their car’s high-tech powertrain is doing, while also wanting to use sat nav, or Apple CarPlay or Android Auto, or change the radio station… Well, you’re out of luck.
There is a much more basic and rudimentary display on the driver info screen that shows a small icon of an engine and battery and illuminates them when each part is in use, but really, Ford should have used the real-estate of the big driver info screen better. Toyota, Kia and Hyundai know how to do it better.
The material quality is okay, but it certainly doesn’t feel like a very special environment.There are rubberised liners on the doors which don’t look terrific or feel fantastic, and why there are soft plastic elbow pads, and up high on the dashboard, it is not of the most pristine quality.
Storage is pretty good. There are bottle holders in the doors and two cupholders in the centre console, and the storage nook in front of the shift dial houses a wireless phone charger and two USB ports, plus a 12-volt plug. There is a strange little shelf section in front of the centre console bin, which is not fantastic in terms of size. There are rear bottle holders in the doors, map pockets and a flip-down arm-rest with cup holders.
That rotary dial shifter which does take a little bit of getting used to. Unlike some others, there is no ‘P’ for park button - instead you have to dial it all the way left.
Skoda Octavia
At a fraction under 4.7m long, just over 1.8m wide and close to 1.5m tall, with a close to 2.7m wheelbase the Octavia SportLine Liftback and Wagon are at the upper end of the mid-size category.
At 183cm I’ve got plenty of breathing room in the front, the low-level dash helping to deliver a spacious feel.
For storage, there’s a generous area under an extendable, height-adjustable armrest between the seats, twin cupholders in the centre console, bins in the doors with enough room for large bottles and a decent cooled glove box. There’s also Skoda’s signature lined rubbish bin in the driver’s door.
In the back, sitting behind the driver’s seat, set to my position, I’ve got plenty of room for my feet, legs and head as well as enough shoulder room for three full-size adults on cozy, medium length journeys.
Adjustable ventilation is welcome and storage options include map pockets on the front seat backs, big door bins, oddments storage under the air outlets and a pair of cupholders in the fold-down centre armrest.
Connectivity and power runs to two USB-C outlets, a 12-volt socket and a wireless charging pad up front with a second 12V in the boot. No USBs or 12-volt for back-seaters, which is a miss.
Speaking of the boot, with all seats up the Liftback offers a competitive 600 litres of storage space, expanding to 1555L with the 40/20/40 split rear seat folded. Those numbers grow to 640 and 1700L in the wagon. Plus, there’s a rear seat ‘ski-port’ style door in both.
A space-saver spare sits under the floor, the tailgate is power-operated and for those keen on towing the Octavia is rated up to a 1.5-tonne braked trailer with trailer stability control standard.
Price and features
Ford Escape
It’s hard to consider the Ford Escape ST-Line PHEV to be tremendous value with a price tag of $53,440 (MSRP), especially considering it attracts a circa-$15k premium over the equivalent petrol-powered ST-Line version of the Escape. And that price will rise once more from July 1, to $54,440, as Ford says it will increase the ask due to “continued material and freight cost increases”.
But it does offer a few little extras over that petrol model in terms of standard gear, including partial-leather seat trim, a 10-way power-adjustable driver’s seat, and a 10-speaker sound system. That’s in addition to the standard kit you’d find on any ST-Line Escape, which includes 18-inch alloy wheels, LED headlights, sporty-looking front and rear bumpers, lower suspension, keyless entry and push-button start, wireless phone charging, a 12.3-inch digital instrument cluster, flat-bottom steering wheel, Ford’s 8.0-inch touchscreen media system with sat nav, digital radio, Apple CarPlay and Android Auto connectivity, and also a reversing camera and front and rear parking sensors.
There are plenty of other safety inclusions that you’d expect at this price point - check the safety breakdown below for more info.
If you need additional gear to make your ST-Line feel even more special, you can choose the ST-Line Pack option, which adds a power tailgate, heated front seats and matrix-style adaptive LED headlights. That pack costs $1950. Really, it shouldn’t be an option on this top-dollar Escape.
Other plug-in hybrid models close to the Escape PHEV include the Mitsubishi Eclipse Cross Plug-in Hybrid EV (starting from $46,990), but it’s a fair bit smaller, and so is the Kia Niro PHEV (from $46,590).
In the same size bracket as the Escape, there’s only the still-to-arrive Mitsubishi Outlander PHEV (likely to be $60,000 or more) and the MG HS Plus EV, which kicks off at $46,990 drive-away. Soon there’ll be the Mazda CX-60 PHEV, but it’ll likely play closer to the Kia Sorento PHEV (which kicks off at $80,330).
In short, there’s not too much competition, and that could play to the Escape’s advantage. But does it deliver real-world fuel economy savings that you can’t get with, say, a Toyota RAV4 Hybrid (from $36,900)? More on that below.
If your curious about colours, there are three no-cost options - Frozen White, Blazer Blue and Agate Black - while the optional premium paint options include Blue Metallic, Magnetic grey, Solar Silver, White Platinum and Rapid Red, as seen in this review, all of which will add $650 to the bill.
Skoda Octavia
With the aim of giving the Octavia a value-focused mid-life boost, the SportLine adds some racy extras outside, inside and underneath and we’ll cover them in detail in the Design and Driving sections.
For now, it’s important to note it all comes at the same price as the already well-equipped, entry-level Style. That is, $40,590, before on-road costs, for the Liftback and close to $41,890 for the Wagon.
And to support this new variant’s arrival, national drive-away pricing has been set for both at an extra $1900 and $2100, respectively ($42,490 and $43,990).
Aside from that, the Sportline boasts a handy standard features list, the highlights being dual-zone climate control, adaptive cruise control, 18-inch alloy rims, auto LED matrix headlights, a power tailgate, a 10-inch media touchscreen (with voice recognition) and 10.25-inch digital instrument display, wireless Android Auto and Apple CarPlay, keyless entry and start, auto rain-sensing wipers, a reversing camera, built-in nav and eight-speaker audio.
An optional ‘Premium Pack’ ($3200) adds power adjustable front seats (with lumbar and memory function), heated front and rear (outboard) seats, ‘Adaptive Lane Guidance’, ‘Emergency Assist’, digital radio, tri-zone climate control and additional USB-C outlets. A panoramic sunroof is available on the Wagon for $1900.
‘Candy White’ is the single no-cost paint colour, with ‘Black Magic Pearlescent’, ‘Graphite Grey Metallic’, ‘Moon White Metallic’ or ‘Race Blue Metallic’ adding $770 to the price-tag while ‘Velvet Red Metallic’ steps up to $1100.
Overall, pretty good value for the category, even before you start factoring in the SportLine extras.
Under the bonnet
Ford Escape
The Escape PHEV is the only model in the range to get a 2.5-litre petrol engine, which runs on the more efficient Atkinson cycle, and has a continuously variable transmission feeding power to the front wheels - that’s right, this Escape is 2WD/FWD.
The tricky bit is that it also houses a clever electric motor and generator, which is teamed to a 14.4kWh battery pack - which is big for a plug-in hybrid car.
The electric motor is capable of 96kW of power, while the petrol engine can produce up to 112kW. All told, the combined system output is pegged at 167kW, though there is no peak torque output figure. Even so, that amount of power is a sizeable number for any midsize SUV, even if this particular one weighs in at more than 1800kg.
Speaking of weight, the PHEV is the least capable towing vehicle in the Escape range. It has a maximum braked towing capacity of 1200kg, where all the others can tow up to 1800kg. Unbraked capacity is unchanged, at 750kg.
Skoda Octavia
A 1.4-litre all-alloy, direct-injected, turbo-petrol four-cylinder engine sits under the Skoda Octavia’s bonnet, sending 110kW/250Nm to the front wheels via an eight-speed automatic transmission with ‘Tiptronic’ sequential manual shifting accessible via wheel-mounted paddles.
Efficiency
Ford Escape
Beware the PHEV fuel consumption figure. That’s a great thing to keep in mind if you’re shopping for one of these cars.
That’s because the combined cycle official figure only takes into account a mix of conditions across 100km of driving. That’s right - only the first 100km. So the best case scenario, for a car that is designed to use its battery to run emissions free until it runs out, before sparingly using the petrol engine to keep going.
As such, it is no surprise that the official combined cycle fuel consumption is just 1.5 litres per 100 kilometres, with CO2 emissions claimed at just 33g/km. That takes into account the WLTP battery range of 56 kilometres stated on Ford’s website.
For reference, I completed my test of the car with a total of 462.7 kilometres travelled, of which, the trip computer stated 292.3km was fully electric. Meaning the remaining 170.4km was driving using petrol.
The indicated energy efficiency was 20.0kWh/100km, which isn’t great against a claimed EV driving efficiency figure supplied by Ford, of 14.8kWh/100km to 15.6kWh/100km.
While the indicated fuel consumption average was 3.1L/100km, so more than double the windscreen sticker’s indicated economy.
However, when I did the maths, I used a real-world average of 3.9L/100km of petrol ($36.15 worth of petrol) and 43.2kWh of electricity (meaning a cost of $9.82 based on the NSW average energy price of $0.2274c/kWh).
So, to do 462.7km I paid $45.97. I think that’s okay, but bear in mind I included several longer trips (Sydney to Glenbrook, Glenbrook to the Southern Highlands and back, and Glenbrook to Sydney and back).
As is always the case, if your intended operation for a PHEV is to use it primarily for urban running within its EV range capabilities, you will be better off than if you push it beyond and use the petrol engine excessively.
For reference, the fuel tank size is 45 litres, which is 12L less than the petrol-only versions. It can run on E10, but only if you can find E10 that is also 95RON premium unleaded.
If you wish, there’s also an app called Ford Pass Connect, which allows you to monitor your car’s state of charge, adjust its start and finish times for recharging and even works as a key for the car to allow remote access, too.
Worth noting the maximum charge rate on a 10-amp plug at home is 2.3kW, while on public charging (which typically runs a higher amperage rate) the max rate is 3.7kW.
Skoda Octavia
Skoda’s official combined cycle fuel economy number for the Octavia SportLine is 5.7L/100km for the Liftback and 5.9L per hundred for the Wagon, the 1.4-litre turbo four emitting 180g/km of CO2 in the process.
On the launch drive program covering urban, B-road and freeway running along the coast south of Sydney, NSW we recorded an average of 6.4L/100km in the Liftback. Not too shabby for a non-hybrid in this class.
Worth noting the minimum fuel requirement is the pricier 95 RON premium unleaded, though.
You’ll need 45 litres of it to fill the tank which translates to a theoretical range of around 790km… roughly 700km using our real-world number.
Driving
Ford Escape
Being the ST-Line grade, you - like it or not - have to deal with the lowered ride and sportier suspension, which makes this car ride a bit more firmly than you might want.
I found the suspension to be the biggest detracting element in terms of the drive experience – the suspension picked up a lot of the small inconsistencies in the road surface and transmitted them into the cabin. It was fidgety a lot of the time, and on road surfaces with very poor quality, it could be a bit uncomfortable.
The steering was also bit too tuned for sportiness for a car that doesn’t really need to be quite so aggressively angled that way. It took a bit of getting used to – it was somehow both twitchy on centre but not quite as responsive across the radius of lock to lock as I’d thought it might be, given the initial steering response.
Having said all that, I threw it through a couple of twisty corners and there was a nice handling balance from the chassis and decent grip from the tyres, but I did notice that - being front-wheel drive, with all that power going through the front tyres, there were some instances of it scrabbling for traction, notably on wet roads and looser surfaces but also out of offset driveways.
Other gripes included brake pedal response that was quite abrupt and very sensitive to stopping inputs.
Now, let’s consider the driving modes.
There are different drivetrain setups depending on what you plan to do. EV Auto does the thinking for you, dipping between EV, hybrid and petrol modes. EV Now prioritises electric driving. EV Later saves your battery charge for when you think you’ll need it. And EV Charge means you’ll use petrol power to drive, and also to replenish the battery pack.
The throttle response was decent in EV mode, and in hybrid mode it is nice and quiet, and it drives in a very smooth way unless you really plant your foot hard, then it can be a bit vocal - but less raucous than a RAV4 under full throttle.
The transition between the different drive modes was relatively seamless, as it will readily go between petrol or electric as required, and the four-cylinder is mostly hushed enough so that you won’t hear it too much, especially if you’re driving at higher speeds when it does.
Indeed it was relatively quiet for the most part, though the tyre noise was quite excessive at higher speeds on very coarse-chip surfaces. And in those instances I noticed I could feel the road surface through the steering wheel and the suspension, as it was quite jittery at times.
There is a low speed warning sound that is omitted below about 25km/h and it was quite handy while driving in enclosed car parks - no more accusations of creeping around silently at the shops.
Further, there are multiple drive modes, including Normal, Eco, Sport, Slippery, and Snow/Sand Assist, all of which are designed to make different situations easier to deal with. They will adjust engine transmission and steering response as well as stability and traction control limitations. I kept it in Normal, though a dabble in Sport showed that you’re allowed a bit more aggression from the powertrain in terms of acceleration.
Skoda Octavia
Skoda says the Octavia SportLine will accelerate from 0-100km/h in 9.0 seconds, which isn’t ferociously fast but far from sluggish at the same time, especially for a roughly 1.3-tonne vehicle. And the fact peak torque (250Nm) is available from 1500-4000rpm makes it easy to drive with plenty of oomph through the mid-range.
Worth noting, while the urge is there, the turbo four’s power delivery isn’t always linear, more often from step off, with the engine at times taking half a beat to respond to a squeeze of the accelerator pedal before the power arrives.
Nothing dramatic, however, and the ‘Shift-by-Wire’ eight-speed auto transmission is smooth, with ‘Eco’, ‘Normal’ and ‘Sport’ modes available, the latter holding onto ratios longer on the way up the gears and shifting down more readily when an extra burst of acceleration is required. And if you want to take full control, ‘manual’ shifts via wheel-mounted paddles are satisfyingly quick.
Suspension is strut front with a ‘compound link crank-axle’ at the rear, the latter being Skoda-speak for a torsion beam.
The SportLine’s suspension is 15mm lower than the Style’s with springs and shock absorbers re-tuned for sharper dynamic response. Yet, despite that and the standard 18-inch rims shod with low-profile tyres there’s no penalty in terms of ride compliance.
Even over coarse B-road surfaces the Octavia remains comfortable and composed. The steering is nicely weighted and road feel is good, with a nice connection between the front tyres and hands on the wheel.
Pressing on through the curves the car is stable and balanced with the (225/45) Bridgestone Turanza rubber gripping hard. And if you really have the bit between your teeth an electronically-controlled diff lock helps put the power down effectively.
Braking by ventilated discs at the front with solid rotors at the rear and under the pressure of some steep, twisting and fairly rapid descents stopping power is solid. The pedal is progressive on application and when easing off.
Under the heading of miscellaneous observations, engine noise is agreeably low, especially for a small capacity turbo-petrol engine, the sports front seats are supportive and comfortable over lengthy stints behind the wheel and a lateral slider located below the central multimedia screen to control audio volume is a neat ergonomic solution.
In the midst of the current arm wrestle between the design cleanliness of an on-screen volume control and the simple effectiveness of a physical dial the Octavia’s slider, while still a haptic-style operation, represents a safe and practical middle ground between the two.
Safety
Ford Escape
Standard safety equipment for the Escape PHEV is on par with the majority of rivals in the class.
It has front autonomous emergency braking (AEB) with pedestrian detection (not cyclist detection, though), adaptive cruise control, lane departure warning and lane-keeping assist, blind-spot monitoring and rear cross-traffic alert, driver fatigue monitoring, traffic sign recognition and a rear-seat occupant reminder system that’ll chime in to tell you to check the back seat before you get out.
There are six airbags - dual front, front side and full-length curtain airbags, but unlike some newer rivals there is no front centre airbag to prevent head clashes.
Skoda Octavia
Safety is one of Skoda’s strongest suits so no surprise the Octavia scored a maximum five ANCAP stars from assessment in 2019.
It includes active crash-avoidance tech highlights like AEB (with pedestrian and cyclist detection), a surround-view and reversing camera, ‘Park Assist’, lane departure warning, lane keeping assist, rear cross-traffic alert, rear parking sensors, tyre pressure monitoring and fatigue detection.
If an impact is unavoidable, there are eight airbags on-board, including a front centre and driver’s knee bag which holds up well in 2024 and shows how far ahead of the passive safety game the Octavia was when it launched here in 2021.
There are three top tethers for child seats across the second row, with ISOFIX anchors on the outer positions.
Ownership
Ford Escape
As with the rest of the Ford range, you get a five-year/unlimited kilometre warranty on the car, while the battery pack has its own eight-year/160,000km warranty plan.
And just like most other models in Ford’s range, there is a lifetime capped-price servicing plan, with the first four maintenance visits (due every 12 months/15,000km, whichever occurs first) incurring a $299 fee, which is cheap for the class.
You also get up to seven years of roadside assist if you service your car with Ford’s dealers.
Skoda Octavia
The Octavia is covered by Skoda’s seven-year, unlimited-kilometre warranty, which is two years up on the majority of the mainstream market.
Roadside Assist is complimentary for the first year, renewed annually if you have your Octavia serviced at an authorised Skoda dealer.
The main service interval is 12 months/15,000km, which is in line with most of the competition and Skoda offers five- and seven-year service packs, the latter equating to $393 per workshop visit, which isn’t out of line for the segment.
And through Skoda Choice you can opt for a Guaranteed Future Value offer ranging up to five years and currently at a 6.99 per cent rate.