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

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

For home loans:

No changes to report so far today.

For savings accounts:

No changes here either.

For term deposits:

Macquarie Bank has added +5 bps to rates for terms of 3 months, 6 months, 9 months, and 1 year, and taking this one year rate to 5.40%, and topping all other main banks (the Commbank 'special' is 5.30%, for example).

Bank of Queensland's my BOQ TD rates have been raised as well, also by +5 bps for most rates although their 1 year rate is up +10 bps also to 5.40%. However, BOQ has not raised its Premier TD rates at this point. (1 year for that is only 5.20% now).