Here are the changes the main banks have made to retail interest rates on Friday, October 2, 2026

Here are the changes the main banks have made to retail interest rates on Friday, October 2, 2026, so far.

For home loans:

Bank of Queensland raised its variable rates by +25 bps for all products except the P&I version of its Economy Variable product which is up only +20 bps. BOQ also hike all its fixed rates and quite hard. by between +20 bps and +55 bps.

AMP Bank raised its variable rates by +25 bps across the board, but didn't change its fixed rates.

NAB won't be raising its fixed rates until October 9 (a week away). But it has raised its fixed rates by between +20 bps and 35 bps for both the P&I options for its Tailored home loans and its Choice home loans. Interestingly, in both cases, the rises for Interest Only were much less, between nothing and +10 bps.

For savings accounts:

No changes to report today.

For term deposits:

Suncorp Bank (a part of ANZ) has raised some key term deposit rates, but shifted its fighting point away from 6 months (which has fallen back to 4.80%). That means its new 7 month rate is now up to 5.20%, its nine month rate is up to 5.30%, its 1 year rate is up to 5.40% and its two year rate is up to 5.50%. These are competitive levels.