Here are the changes the main banks have made to retail interest rates, for Wednesday, May 13, 2026

Here are the changes the main banks have made to retail interest rates, for Wednesday, May 13, 2026

For home loans:

Bendigo Bank has raised its variable home loan rates by +25 bps, passing through all of the recent RBA rate increase earlier for clients than the main banks, most of whom will push their increases through on Friday.

All mortgage rates are here.

For savings accounts:

No changes to report today.

All savings rates are here.

For term deposits

Macquarie Bank has raised its six month term deposit rate today by +5 bps to 5.15%. (Macbank have a lower rate for term deposits over $1 mln; that has also gone up +5 bps, but only to 5.00%.

Meanwhile Quodos changed its term deposit rates in the same way cousin Bank Australia did on Monday. That involvers a +10 bps rise for their six month TD to 5.15%, a -10 bps cut to their 1 year TD rate to 5.35%, a +40 bps rise for their 2 year TD rate to 5.20%, and a +20 bps rise for their three year TD rate to 5.10%

All term deposit rates are here and here.