Here are the changes the main banks have made to retail interest rates on Tuesday, September 8, 2026

Here are the changes the main banks have made to retail interest rates on Tuesday, September 8, 2026, so far.

For home loans:

No changes to report today.

For savings accounts:

Bank of Queensland has brough back its welcome rate for its Simple Saver account. That means you can earn up to 5.35% for 4 months for balances to $5 mln. After the 4 months, it reverts to 4.80%.

For term deposits:

Bank Australia and cousin Qudos Bank now offer 5.40% for a one year term deposit, a rise by both of +5 bps. And a market-leading rate.