Personal finance / News

Rate increases spread widely for both savers and borrowers. Here are the latest

David Chaston profile picture

18th Feb 26, 1:02pmbyDavid Chaston

The only direction is up

Despite financial markets pulling back in the past few days, they still think there is a chance of at least one RBA rate hike this year, and a 50% chance of another.

That has been a position that hasn't changed for most of the year.

Despite that, there is a continuing flow of retail rate change, both for borrowers, and for savers.

And there is only one direction - up.

For home loan borrowers, apart from the flow through of the RBA's February 4 rate hike, we have had rises in fixed rates from ...

  • AMP Bank
  • Heritage Bank
  • Teachers Mutual

And for savings accounts, they have come from

  • AMP Bank
  • Bank Australia
  • Bendigo Bank
  • Bank of Queensland
  • HSBC
  • Greater Bank
  • Great Southern
  • Newcastle Permanent
  • Qudos
  • Suncorp Bank
  • Teachers Mutual

Some of these also raised term deposit rates.

Our rate tables have all the details

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