Here are the changes the main banks have made to retail interest rates, for Friday, May 15, 2026

Here are the changes the main banks have made to retail interest rates, for Friday, May 15, 2026.

It has been an unusually big day for rate changes because the four big banks are all applying their RBA cash rate changes from today, and some of the other smaller ones are too.

For home loans:

Commbank, NAB, Westpac and ANZ each added +25 bps to their various variable home loan rates. They passed it all on in full. Other banks to adjust their variable rates today (all by +25 bps) were Great Southern Bank, ING, Suncorp, Greater Bank, and Newcastle Permanent.

The only bank to change fixed rates today was ING, who added +15 bps across the board.

For savings accounts:

ANZ has added +35 bps to their Plus Growth account rate, taking the base to 0.10%, the bonue to 5.00%, so that the potential rate is now 5.10%. Their Plus Flexi Saver is up +35 bps too, from today.

ANZ's Online Saver, Progress Saver, and Pension saver accounts have been raised by +25 bps.

Commbank has added +50 bps their admittedly uncompetitive Net Saver account, by adding +15 bps to the base rate and +25 bps to the bonus rate. Commbank's Goal Saver, Youth Saver and Pension saver accounts are all up by +25 bps.

NAB has raised their i-Saver account in a similar way, with +10 bps to the base and +25 bps to the bonus rate, total of +35 bps higher from today.. Their Reward saver is up by +35 bps too. But their Retirement account is only up by +20 bps.

Westpac has added +25 bps to each of its Life, e-saver, Bump and 55+ savings accounts. These changes mean that their Save&Spend account is now at a very high 5.75%, an outlier among big bank savings accounts.

ING has added +25 bps to its Maximiser account, +20 bps to their Accelerator account. This means their "welcome" rate for the first four months for balances under $500,000 is now 5.85%

Greater Bank added +25 bps to their Bonus Saver and Life Saver accounts. Their Retirement Plus account for the portion $5000.00 - $49,999.99 is up +40 bps.

Newcastle Permanent has added +25 bps across all their four savings accounts.

For term deposits:

ING has raised rates for all terms between 3 months and 2 years. The increases vary between +10 bps and +20 bps and their top rate is now 5.30% for one year (not especially competitive).

Great Southern Bank added +20 bps to their three month TD, taking it to 5.00%. They added +5 bps to their seven month TD, taking it to 5.20%. And they added +10 bps their 1 year TD, taking that rate to 5.35%. But their Platinum Plus 1 year rate is now 5.45%.