{ "@context": "https://schema.org", "@type": "Article", "mainEntityOfPage": { "@type": "WebPage", "@id": "https://www.bankaust.com.au/blog/{{slug}}" }, "headline": "{{title}}", "description": "{{desc}}", "image": "{{image}}", "author": { "@type": "Organization", "name": "Bank Australia", "url": "https://www.bankaust.com.au/" }, "publisher": { "@type": "Organization", "name": "Bank Australia", "logo": { "@type": "ImageObject", "url": "https://cdn.prod.website-files.com/64d5d5beb2a67e9491ecdff8/64d5d5beb2a67e9491ece00c_BA-logo-white.webp" } }, "datePublished": "{{datePublished}}", "dateModified": "{{dateModified}}" }
Alert notice

1 July 2025: updates to privacy and credit reporting policy - We have updated our privacy and credit reporting policy, effective 1 July 2025. Learn more.

2025-07-01 9:47 am
Alert notice

2 July 2025 – Qantas cyber incident. We are aware of a cyber incident at Qantas that has resulted in the release of some Qantas customers’ personal information. Learn more.

2025-06-19 11:58 am
Back to blog
News

Bank Australia lifts interest rates on savings, term deposit and variable home loan products

Photo journal

Article

Bank Australia lifts interest rates on savings, term deposit and variable home loan products

Bank Australia today announced it will increase interest rates across its range of home loan and savings products.

From 17 February, term deposit rates will increase to 4.20% on a 12 month term deposit, while Online Saver, Bonus Saver and mySaver rates will also increase by 0.25% from 1 March 2023.

From 23 February 2023, interest rates will increase by 0.25% for variable rate owner-occupier and investor loans. For existing home loan and commercial customers, repayment changes will be effective from 9 April 2023.

Customers will receive more information on these changes over the coming weeks.

For any help and further queries, customers can contact us on 132 888 or visit their nearest branch.

Tagged in this Article

All
News

Related stories

News

Bank Australia and Qudos Bank officially merge to create one of Australia’s largest customer-owned banks

News

Building a better banking experience for you

Impact

First Nations Recognition and Respect: An update one year on from our strategy launch

In May 2024, Bank Australia launched its First Nations Recognition and Respect strategy, setting out our vision for walking together towards First Nations justice, reconciliation and self-determination. One year on, we spoke with Rafe Pfitzner Milika, our Manager Reconciliation Strategy, to reflect

Read the highlights one year on from our First Nations Recognition and Respect strategy Launch

News

Bank Australia variable loan rate decrease

Bank Australia will decrease variable home loan and commercial rates in response to the RBA’s recent decision to cut the official cash rate.

News

We've signed up to Respect and Protect – Combating financial and domestic abuse

We’re proud to announce that Bank Australia has signed up to the ‘Respect and Protect’ program where we join like-minded customer-owned banks in updating our terms and conditions to better protect customers from domestic and financial abuse. We recognise the significant responsibility we have in add

News

Bank Australia and Qudos Bank members vote in favour of merger