Here are the changes the main banks have made to retail interest rates on Wednesday, June 3, 2026

Here are the changes the main banks have made to retail interest rates on Wednesday, June 3, 2026, so far.

For home loans:

No changes to report today - so far.

For savings accounts:

No changes here today either.

For term deposits:

Banking major NAB has raised three short term rates.

Their one month TD rate is up by +20 bps to 1.40%

Their two month TD rate is also up by +20 bps to 1.65%.

And they have raised, and featured their nine month TD rate, which has risen from 3.70% to a new competitive rate of 5.10%, a rise of +140 bps. This puts them on the same rate for this term as Macquarie, ING, Bank Australia, and Qudos Bank. AMP Bank has a higher rate, 5.20% for balances over $25,000. And Macquarie offers 5.20% for balances between $5000 and $1 mln. The Westpac online 'special' is 5.10% for eight months.