Here are the changes the main banks have made to retail interest rates on Monday, November 2, 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:

Heritage Bank have finally passed on the last +25 bps RBA rate hike in all its savings accounts.

For term deposits:

Macquarie Bank has made substantial changes to  their tier levels for term deposits even though no rate changes were made at this time. Instead of a $1 to $250,000 tier, this is now split into three; up to $25,000, $25 to $50,000, and $50 to $250,000. And prior to this change, the top tier capped out at $2 mln. Now it caps out at $5 mln.

Suncorp (ANZ) trimmed their 3 month by -25 bps to 4.80%. And their seven month rate was trimmed by -120 bps to 4.00%. But their 6 month rate was raised by +45 bps to 5.25% (and marginally higher than the old  7 month rate).