Here are the changes the main banks have made to retail interest rates on Monday, May 25, 2026

Here are the changes the main banks have made to retail interest rates on Monday, May 25, 2026, so far.

For home loans:

There have been no changes to the top fifteen banks we follow.

For savings accounts:

None here either.

For term deposits:

Westpac has inched up its one year term deposit rate by +5 bps to a level that now matches its two year TD rates, 5.25%. That new 1 year level  matches its main rivals, except Macbank which is on 5.35%.

Greater Bank, and Newcastle Permanent have both increased rates TD rates too. Their new 1 year rate is up +10 bps to 5.35%. Their two year rates is up +25 bps to 4.25%. Their three year, four year, and five year rates are also up +25 bps. But these new levels are still quite uncompetitive, even with the main banks.