Here are the changes the main banks have made to retail interest rates on Wednesday, September 2, 2026

Here are the changes the main banks have made to retail interest rates on Wednesday, September 2, 2026, so far.

For home loans:

Commbank is reducing some of its home loan account fees. It is reducing its offset fees to zero from $10/month. And it is also setting fees for its Digi home loans at zero. It is halving its monthly fees for its Simple home loan product from $20 to $10/month.

Meanwhile Newcastle Permanent Building Society has withdrawn its "Real Options" product from sale to new clients. All its other "Real" products are unaffected at this time.

For savings accounts:

No changes to note today.

For term deposits:

Macbank has raised a number of term deposit rates for both its 'Digital' and 'Classic' TD products today. Their 3 month rate is up +5 bps to 5.05%, its six month rate is up +10 bps to 5.15%. Its nine month rate is up ++10 bps too, now at 5.20%. And its one year term deposit rate is now 5.30%, an increase of +15 bps. These changes restore their market-leading status among the largest banks.