Both big and challenger banks have moved to counter Macbank's recent hikes in term deposit and savings account rates

Macquarie's appetite for household deposits has everyone's attention.

Both Commbank and ANZ are the latest to scramble to shore up their offers to customers.

Commbank latest change is to raise two key headline term deposit rates.

ANZ's response has been to raise rates for both their Growth and Flexi-Saver savings account rates

Here are how the two moves compare with Macbank's aggressive positions.

Firstly, the latest Commbank changes:

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And secondly, here is how the lates savings account changes from ANZ compare.

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These are not the only changes (ING has also moved up), only the ones by the big banks. You can find the others at the links below.

It is interesting for Macbank is now dominant in setting the agenda for the whole savings and term deposit market.

You can find all the changes for all the main banks on our rate table pages here, here and here.