Here are the changes the main banks have made to retail interest rates on Wednesday, September 23, 2026

Here are the changes the main banks have made to retail interest rates on Wednesday, September 23, 2026, so far.

For home loans:

Macquarie has raised all its fixed rates by between +10 bps and +20 bps today.

Heritage Bank has gone one 'better' raising their fixed rates across the board also, but by between +15 bps and +30 bps.

ING has raised its variable rates for owner-occupiers with "Mortgage Simplifier" P&I loans by +5 bps where the LVR is up to 80%. No change afor LVRs above that, nor for any investor lending.

ING has also changed variable rates for their "Orange Advantage" product, some up, some down, by plus or minus 5 bps and mostly for owner-occupier P&I rates. For Investor rates, their are no changes other than for LVRs at 90%.

For savings accounts:

No changes to report today.

For term deposits:

Heritage Bank has added +10 bps to its 7 month TD rate, taking it to an impressive 5.45%. For terms 2 to 5 years, it has made a step-change, raising all of these from 4.75% to 5.25%.