Here are the changes the main banks have made to retail interest rates on Friday, September 4, 2026

Here are the changes the main banks have made to retail interest rates on Friday, September 4, 2026, so far.

For home loans:

Teachers Mutual Bank has reduced certain variable rates for some LVR levels by between -5 and -10 bps for their 'Your Way' and 'Your Way Plus' plans. These reductions are quite limited and only for the lowest LVR options and only for P&I loans.

Teachers Mutual Bank covers brands such as Australian Mutual Bank, Firefighters Mutual, Health Professionals Bank, and Unibank.

For savings accounts:

None to note today.

For term deposits:

ANZ has reduced its 5 month TD rate from 3.55% to 3.45%, reduced its six month rate from 5.10% to 3.50%. and it's one year and 18 month rates from 5.25% to 5.15%. 

But it has raised its seven month TD rate from 3.55% to 5.00%. The net result is a lowering of rates overall.