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Interest Rate Increase - Thursday 5 February: Following the RBA’s decision to change the official cash rate, interest rates for owner occupier, investor and commercial variable loans will increase by 0.25%, effective 19 February 2026. From 19 February 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

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News

Bank Australia lifts interest rates on Term Deposit products

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Bank Australia today announced it will increase interest rates across its range of Term Deposit products effective 8 June 2023.

Term deposits

Interest paid at maturity changes:

  • 6 month rate increased by 0.10% to 4.60%
  • 9 month rate increased by 0.70% to 4.30%
  • 12 month rate increased by 0.40% to 4.40%
  • 18 month rate increased by 0.55% to 4.35%
  • 24 month rate increased by 0.40% to 4.00%
  • 36 month rate increased by 0.40% to 4.00%

Interest paid monthly changes:

  • 6 month rate increased by 0.10% to 4.50%
  • 12 month rate increased by 0.40% to 4.30%
  • 18 month rate increased by 0.55% to 4.25%
  • 24 month rate increased by 0.40% to 3.90%
  • 36 month rate increased by 0.40% to 3.90%

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