Here are the changes the main banks have made to retail interest rates on Wednesday, July 8, 2026

The review has been updated with details about Macbank and Bank Australia/Qudos. Here are the changes the main banks have made to retail interest rates on Wednesday, July 8, 2026, so far.

For home loans:

NAB has raised the monthly fee on all its Tailored Home Loans from $8 to $12/month. While this doesn't actually change any advertised rates, it does change the Effective Rates (and the Comparison Rates).

For savings accounts:

No changes to report today.

For term deposits:

Bank of Queensland has trimmed its term deposit offers for all terms from 3 months to 18 months by between -5 bps and -20 bps.

Macquarie has restructured their term deposit offerings. Now individuals will only be able to invest directly with them with a minimum $25,000 deposit and only in their "Digital term deposit" product. This now only offers terms from 3 months to one year. The previous TD product has been relabeled as their 'Classic" offer and will only be available in future via your financial adviser (or by companies and trusts). More here.

Bank Australia and Qudos Bank have trimmed their 1, 2 and 3 year TD rates by -10 bps