Here are the changes the main banks have made to retail interest rates on Thursday, August 20, 2026

Here are the changes the main banks have made to retail interest rates on Thursday, August 20, 2026, so far.

For home loans:

No changes to report today.

For savings accounts:

No changes here either.

For term deposits:

ANZ has followed others by taking -5 bps from its 1 year and 18 month terms deposit rates, taking both down to 5.25%. This level matches NAB and Westpac but is still higher than for Macquarie and Commbank.

Commbank has launched a new 'special offer" term deposit rate, for a one year TD at 5.15%. This is down from their prior 'special' of 5.25%. Note that no standard rates have been changed by Commbank today.

Yesterday's rate changes are here.