Here are the changes the main banks have made to retail interest rates on Monday, May 18, 2026

Here are the changes the main banks have made to retail interest rates on Monday, May 18, 2026, so far.

For home loans:

HSBC is the one bank to raise its variable home loan rates today. All up by +25 bps.

There made no changes to their fixed rates, however.

For savings accounts:

HSBC also added +25 bps to their Everyday Savings account interest rate, taking it to [an uncompetitive] 3.00%. But they will offer you 5.15% as an introductory 'welcome' rate for the first three months. This account only has these rates to a maximum balance of $1 mln.

Their bonus saver has had +25 bps added to its base rate, but not its 2.25% bonus rate, so their potential rate is up +25 bps to 4.25%. This is available up to a maximum of $5 mln.

For term deposit accounts:

No changes to report here today. All current term deposit rates are here and here.