Here are the changes the main banks have made to retail interest rates on Wednesday, June 10, 2026

Here are the changes the main banks have made to retail interest rates on Wednesday, June 10, 2026, so far.

For home loans:

No changes to report today.

For savings accounts:

None here either.

For term deposits:

Macquarie have withdrawn all their relatively uncompetitive 2-5 year term deposit offers, and replaced them 2% for any of those terms, whether the balances are up to $1 mln, or over $1 mln. Previously they had a distinction based on the size of the deposit, but now they don't. Everything is 2% for these terms.

Clearly they don't want long term TDs.

But they have retained their very competitive one year offers, which are at 5.35% to $1 mln, and 5.20% for amounts over $1 mln.

If you need longer fixed interest investments, Macquarie has some listed bonds outstanding which you could buy. For example, their 15 December 2027 bond (18 months from now) has a coupon of 4.15% (AU3CB0249357) and a yield (YTM) today of about 5.20%.

Their 17 July 2030 bond (about 4 years) has a coupon on 4.37% (AU3CB0323806) and a yield (YTM) of about 5.30%.