Here are the changes the main banks have made to retail interest rates on Wednesday, August 19, 2026

Here are the changes the main banks have made to retail interest rates on Wednesday, August 19, 2026, so far.

For home loans:

Commbank has released a -10 bps discount for variable home loans taken out online. The discount from their standard rates applies to all LVR levels, owner-occupied or investor, P&I or interest-only. This means for an owner-occipier on a &I loan with an LVR under 60%, the variable rate rate will be 6.24%. These loans must be $150,000 or larger. Interestingly, CBA still has its Digi Home Loan offer which is even cheaper at 6.09% for <60% LVR. The discount does not apply to Digi Home Loans, only their Simple or Standard versions.

For savings accounts:

No changes to report here.

For term deposits:

Please note that Commbank's current 5.25% one year 'special offer' ends today. If the past is any guide, they will have another 'special offer' released tomorrow, but that is only a guess on our part.

Macquarie has raised its over $1 mln one year rate by +5 bps to 5.05% from today. Other rates are unchanged.