Here are the changes the main banks have made to retail interest rates on Friday, August 21, 2026

Here are the changes the main banks have made to retail interest rates on Friday, August 21, 2026, so far.

For home loans:

Like yesterday, there are no changes to report today.

For savings accounts:

AMP Bank's Go Save have had their tier levels rejigged. Previously they had one tier $1 to $500, the next tier $500 to $5 mln, and then rates for over $5 mln (at 0%). Now they have four tiers: $1 to $50,000 and the rate has risen +15 bps to 5.25%; $50,000 to $250,000 and this now has a 4.75% rate in this band, $250,000 to $5 mln with a rate of 4.25%. Over $5 mln is still 0%.

For term deposits:

NAB has joined the trend of recently easing TD rates. Their nine month and 1 year TD rates are down by -10 bps to 5.00% and 5.15% respectively. Their 18 month TD rate is down -20 bps to 5.00%.

Westpac has two 'special offers'. They haven't changed their 8 month one. But they have trimmed -5 bps off their one year 'special' to 5.20%. All Westpac's standard rates remain unchanged.

This now means among the big five banks, for a one year TD the best rates available are:

ANZ = 5.25%
Commbank = 5.15%
Macbank = 5.15%
NAB = 5.00%
Westpac = 5.20%