Following the decision of the Reserve Bank of Australia (RBA) on Tuesday, 2 May 2023 to increase the official cash rate, we have reviewed our lending and deposit interest rates.
What rates are changing?
Home loan rates
Effective Thursday, 18 May, all variable home loan rates will be increasing for new and existing customers.
Business loan rates
Effective Thursday, 18 May, all variable business loan rates will be increasing for new and existing customers.
Savings account rates
Effective Thursday 18 May, some Savings account rates will increase.
|Savings account rates|
|iSave||$1+||2.45% pa to 2.70% pa|
|Business iSave||$10,000+||1.75% pa to 2.00% pa|
|Farm Management Deposit||$1,000 – $800,000||4.00% pa to 4.05% pa|
Term Deposit rates
Effective Day Month Year, <all/some> Term Deposit rates will change for new customers.
|Interest annually or on maturity|
|Term||$1,000 – $4,999||$5,000+|
|6 months||Unchanged at 0.10% pa||3.30% pa to 3.60% pa|
|Regular income (interest paid every 28 days)|
|6 months||3.20% pa to 3.50% pa|
What this means for you
For our customers with variable rate loans, you will receive a letter shortly detailing your new interest rate and minimum monthly repayment.
More information and support
You may have questions about the changes, so we have answered some of the more commonly asked questions here.
If you are experiencing financial difficulties, or anticipate that you may, the best thing you can do is speak to us as soon as possible. Please call us on 1300 004 863 or email customercare@