Here are the changes the main banks have made to retail interest rates on Thursday, August 6, 2026

Here are the changes the main banks have made to retail interest rates on Thursday, August 6, 2026, so far.

For home loans:

Teachers Mutual Bank has cut -10 bps from their low LVR variable rates, That applies to P&I, interest-only for both owner-occupiers and residential investor. But only for LVRs off 60% or less. No change, otherwise.

For savings accounts:

No changes to report today.

For term deposits:

Commbank has ended its 6 month 'special offer' and decided not to replace it. That means Commbank's 6 month rate effectively goes from 5.10% down to 3.45% for a $5000 to $49,999 deposit, 3.50% for one $50,000 to $5 mln. In the process, they lowered their standard 6 month rate by at least -100 bps. However they have kept their one year 'special' at 5.25%, unchanged.