Here are the changes the main banks have made to retail interest rates on Monday, September 28, 2026

Here are the changes the main banks have made to retail interest rates on Monday, September 28, 2026, so far.

For home loans:

Teachers Mutual Bank has raised fixed home loan rated by about +30 bps for fixed terms of two years and longer, but there is no change for one year rates.

For savings accounts:

No changes to report here.

For term deposits:

Bendigo Bank has cut its one year TD rate by -10 bps to 4.90%,

Bothe Greater Bank and Newcastle Permanent have raised their one year TD rate by +5 bps to 5.30%.  After having a leading one year rate for some time, this new rate from both of them isn't that special anymore.