Here are the changes the main banks have made to retail interest rates on Friday, September 18, 2026

Here are the changes the main banks have made to retail interest rates on Friday, September 18, 2026, so far.

For home loans:

No changes to report today. Update: Bank Australia and Qudos Bank have now both raised all their fixed rates by +40 bps across all terms and all loan types. Meanwhile Westpac has also raised all their fixed rates by between +30 bps and +40 bps for almost all products and terms (with the exception of some very high LVR options).

For savings accounts:

None here either.

For term deposits:

Commbank has released its latest 'special offer' and it is very good for a major bank. This is 5.30% for a one year TD, up from their previous 'special'  of 5.20%. Among the four big banks, this is the highest one year TD offer. Macbank is offering 5.35% however. The highest one year rate offer is from Bank Australia at 5.50%.

At the same time Commbank has added +10 bps to its 7 month to 1 year rate, and its two year as well.