Here are the changes the main banks have made to retail interest rates on Wednesday, November 4, 2026

Here are the changes the main banks have made to retail interest rates on Wednesday, November 4, 2026, so far.

For home loans:

All the main banks have indicated they will pass on the RBA's cash rate increase in their variable rates, mostly in about ten days time.

For savings accounts:

No changes announced, but it is likely some of the  RBA hike will get passed on by most banks.

For term deposits:

AMP Bank has raised its six month TD rate by+10 bps to 5.40% and its one year rate by +15 bps to an outstanding 5.70%.

Bank Australia and cousin Qudos Bank have added +10 bps to their 3 and six month TD rate offers.

Great Southern Bank has made a number of changed, some up and some down. Previously their highest rate was 5.35% for one year, but it has now dropped to 5.00% for that term. However their eight month rate has risen from 3.95% to 5.30% among these changes.

HSBC, which is running down its Australian retail presence, cut its 4.50% six month rate to 3.50% today.