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Monday 18 May - Delay to limit changes: Previously communicated limit changes expected to take effect on Monday 18 May have been delayed until August. Customers will be provided with more information closer to the new effective date.

2026-04-29 10:34 am

Interest rate increase

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May 6, 2026

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

Home loan variable interest rates will increase by 0.25% for owner-occupied, investment and commercial loans, effective 20 May 2026.

From 20 May 2026, deposit rates across the majority of savings products will also increase by 0.25%.

Affected customers will receive more information on the changes to their rate in the coming days.

Support options are available for customers experiencing difficulty or for those concerned about the impact of rising interest rates and repayments. We encourage you to contact us to talk about your situation. For any help and further queries, customers can contact us on 132 888 or visit their nearest branch.

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