Here are the changes the main banks have made to retail interest rates on Tuesday, June 9, 2026

Here are the changes the main banks have made to retail interest rates on Tuesday, June 9, 2026, so far.

For home loans:

Heritage Bank has raised its discount variable rate for borrowers with a less than 70% LVR by +10 bps. That means for owner occupiers on a P&I basis, the new rate rises to 5.99%. For investors, it rises to 6.14% on a P&I basis. And for interest only borrowers for this discount variable loan, to 6.44% (for sub 70% LVR). Heritage Bank made no other changes to its rate card.

For savings accounts:

There are no changes to report today.

For term deposits:

Great Southern Bank has raised its one year TD rate by +10 bps to 5.45%. In parallel, it has raised its Platinum Plus rate for the same term to 5.55%. These are among the highest rates for savers from any bank, for any term.