Savings account rate increases after RBA cash rate hike: November 2026
By Google News Category Saving ·
The Reserve Bank of Australia has raised the official cash rate by 25 basis points to 4.85%, the fifth rate hike of 2026.
While it's not good news for mortgage holders, savers will welcome a boost to their savings account interest rates. But is your bank actually passing it on?
Savings.com.au will provide rolling updates on this page of savings account rate changes following the RBA rate hike on 3 November.
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Rate rise announcements are current as at the date noted below.
Australian Military Bank savings account rate hike (pending)
Australian Mutual Bank savings account rate hike
Bank Australia savings account rate hike
Bank of Melbourne savings account rate hike
Bank of Queensland (BOQ) savings account rate hike (pending)
Bank of Sydney savings account rate hike
Bank of Us savings account rate hike (pending)
Bendigo Bank savings account rate hike (pending)
Commonwealth Bank savings account rate hike
Credit Union SA savings account rate hike (pending)
Defence Bank savings account rate hike (pending)
Gateway Bank savings account rate hike (pending)
Goulburn Murray Credit Union savings account rate hike
Great Southern Bank savings account rate hike (pending)
Greater Bank savings account rate hike (pending)
Heartland Bank savings account rate hike (pending)
Heritage Bank savings account rate hike (pending)
Horizon Bank savings account rate hike (pending)
HSBC savings account rate hike (pending)
Hume Bank savings account rate hike (pending)
Judo Bank savings account rate hike (pending)
Macquarie Bank savings account rate hike
ME Bank savings account rate hike (pending)
MOVE Bank savings account rate hike (pending)
Newcastle Permanent savings account rate hike (pending)
P&N Bank savings account rate hike (pending)
People First Bank savings account rate hike (pending)
Police Credit Union savings account rate hike (pending)
QBank savings account rate hike (pending)
Rabobank savings account rate hike (pending)
RACQ Bank savings account rate hike (pending)
Revolut savings accounts rate hike (pending)
Summerland Bank savings account rate hike (pending)
Suncorp Bank savings account rate hike (pending)
Teachers Mutual Bank savings account rate hike
The Mutual Bank savings account rate hike
Unity Bank savings account rate hike (pending)
Virgin Money savings account rate hike (pending)
ANZ will increase the ANZ Plus Growth Saver bonus rate by 0.25%, taking the total rate (standard rate plus bonus rate) to 5.60% p.a., from 13 November 2026.
The rate applies to the entire balance when customers grow their account balance by at least $100 a month, excluding interest.
For those failing to meet the condition, the standard rate of 0.10% will apply.
See also: Quick Guide to ANZ Savings Accounts
Commonwealth Bank is making changes across select savings products, effective 13 November 2026, including the following:
See also: Quick Guide to Commonwealth Bank savings accounts
Effective 19 November 2026, the variable ongoing rate available on the Macquarie Savings Account will increase 0.25% to 5.50% p.a. on balances up to $250,000.
Here's a look at all rates as they apply to Macquarie's new Savings Account balance tiers:
The variable ongoing rate available on the Macquarie Transaction Account will increase 0.25% to 3.25% p.a. on all balances.
See also: Quick Guide to…
Originally published by Google News Category Saving
