Here are the changes the main banks have made to retail interest rates on Monday, October 19, 2026

Here are the changes the main banks have made to retail interest rates on Monday, October 19, 2026, so far.

For home loans:

AMP Bank has raised fixed rates for all terms to 4 years. For P&I fixed rates the increases are +20 bps or +25 bps. For interest-only fixed rates the increases range from +5 bps to +27 bps.

AMP Bank has also added +5 bps to its Equity Flex variable rate for P&I loans where the LVR is above 70%.

Meanwhile, Macbank has reduced its variable interest-only rates by between -1 bp and -10 bps.

For savings accounts:

Bendigo Bank has now pushed through its +25 bps to all products following the RBA increase.

Bank Australia has launched a new introductory offer for its Bonus Saver. It is welcome rate for three months for balances up to $100,000 and lifting the potential rate to an impressive 5.85%

For term deposits:

Bendigo Bank has raised its 6 month TD offer to 4.70% (from 3.00%), but lowered its 8 month offer to 3.50% (from 4.40%).