Here are the changes the main banks have made to retail interest rates on Friday, May 22, 2026

Here are the changes the main banks have made to retail interest rates on Friday, May 22, 2026, so far.

For home loans:

Macbank pushed through its +25 bps hike for variable home loans today, one of the last to do so.

On the fixed rate front, Greater Bank raised most rates by between +25 bps and +30 bps.

Newcastle Permanent also raised most rates by between +25 bps and +30 bps.

Going the other way, Great Southern Bank cut its 3 year fixed rate by -10 bps, and its five year fixed rate by -20 bps for owner-occupier loans, P&I. It also trimmed its similar rates for investors but by smaller amounts.

For savings accounts:

Bendigo Bank raised all four of its savings accounts by +25 bps, except for when balances are under $10,000 in its Easy Retirement account.

Greater Bank raised most of its savings account interest rates by +25 bps today, but there are exceptions here too. Its Everyday 50 account only rose +10 bps. For balances over $100,000 in its Home Saver account go no increase. Balances over $750,000 in its Everyday Saver account also missed out on an increase, And balances over $5000 in its Your Saver were missed too.

Macbank raised its rates for its standard and welcome savings accounts by +25 bps today, no matter what the balance level.

For term deposits:

There are no changes to report for term deposits today.