Bank Australia variable loan, savings and transaction account rate increase

Home loans

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

From 19 February 2026, interest rates will increase by 0.25% for variable rate owner-occupier and investor loans. Commercial variable rate loans will also increase by 0.25%. For existing home loan customers, repayment changes will be effective from 5 April 2026.

We are also reviewing rates for savings accounts and we'll have a further update for customers shortly. Support options are available for customers experiencing difficultly or for those concerned about the impact of rising interest rates and repayments. We encourage you to contact us to talk about your situation.

Affected home loan customers will receive more information on the changes to their rate and repayments in the coming weeks. For any help and further queries, customers can contact us on 132 888 or visit their nearest branch.

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Savings and transaction accounts

In line with the increase to our variable home loan reference rates, we will also be increasing the interest rates available across our Transaction and Savings accounts effective 19 February 2026.

From Tuesday 19 February 2026, Bonus Saver, Online Saver (for balances over $5000), mySaver (for balances up to $250,000), Freedom Saver, Net Saver, Community Access (for balances over $5000) and Commercial Saver (for balances over $10,000) rates will increase by 0.25%.

Customers will soon receive more information on these changes.

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