Rates Announcement – 12 October 2026

Following the Reserve Bank of Australia’s (RBA) 29 September 2026 decision to increase the official cash rate by 0.25% p.a., we will be updating interest rates across some Home Loans and Savings Accounts.

Here’s a summary of what’s changing and when these updates take effect.

What’s changing?

Savings Accounts

Effective from 15 October 2026, interest rates on selected Savings Accounts will increase as follows:

U30 SUPER CHARGE

  • Interest rates for balances up to $10,000 per account will increase by 0.25% p.a., from 5.25% p.a. to 5.50% p.a.

Savings Plus

The following interest rate tiers will increase by 0.25% p.a.:

  • Balances between $50,000 and $99,999.99 will increase from 1.65% p.a. to 1.90% p.a.
  • Balances between $100,000 and $249,999.99 will increase from 4.40% p.a. to 4.65% p.a.

Retirement Plus

  • Interest rates will increase by 0.25% p.a., from 2.25% p.a. to 2.50% p.a.

Effective from 1 November 2026, interest rates on selected Savings Accounts will increase as follows:

Bonus Saver

  • The Bonus Rate (where account conditions are met) will increase by 0.25% p.a., from 4.50% p.a. to 4.75% p.a.

Dynamo/Flex Savings

  • The Bonus Rate will increase by 0.25% p.a., from 2.25% p.a. to 2.50% p.a.

Variable Rate Home Loans

Effective from 15 October 2026, interest rates on selected Variable Rate Home Loan products will increase as follows:

Existing Variable Rate Home Loans

  • Interest rates for existing Variable Rate Home Loans will increase by 0.25% p.a.

New Variable Rate Home Loans

  • Goldrate Home Loan rates will increase by 0.25% p.a.
  • Customs Value Home Loan rates will increase by 0.25% p.a.
  • First Home Loan rates will increase by 0.25% p.a.

Equity Maximiser

Effective from 15 October 2026, interest rates on Equity Maximiser products will increase as follows:

  • Interest rates for Equity Maximiser Loan and Equity Maximiser Transactional accounts will increase by 0.25% p.a.

 

Information and interest rates are current as at the date of publication and are subject to change. All other interest rates remain under review, this includes including Term Deposits, Fixed Rate Home Loans and Personal Lending.

For more information on changes to our interest rates, and relevant comparison rates, visit our Interest Rates page.

Terms and conditions, lending and eligibility criteria apply and are available here.