Here are the changes the main banks have made to retail interest rates on Wednesday, August 5, 2026

Here are the changes the main banks have made to retail interest rates on Wednesday, August 5, 2026, so far.

For home loans:

Bank Australia has reduced the rate on its Offset Refinance offer by -10 bps across all products.

Greater Bank has also reduced its Great Rate home loan by -10 bps to 5.84% for owner-occupier loans including the interest only option.

For savings accounts:

No changes to report today.

For term deposits:

The Commbank six month 'special offer 5.10% rate ends today. But they will no doubt have a new one tomorrow.

AMP has trimmed its Bank Go six month rate by -10 bps to 5.05%, and its one year rate to 5.30%.

Macquarie Bank has trimmed its 6 month, 9 month and 1 year Digital Classic rates by -5 bps each to 5.05%, 5.10% and 5.15% respectively for TDs of $1 mln and less. Rates are -15 bps lower for TDs over $1 mln.