Bank rates
Have the banks passed on the rate rise?
Advertised variable home loan rates for Australia’s largest banks, read daily from the data each bank publishes under Open Banking rules.
The RBA raised the cash rate by 0.25 percentage points to 4.60% on 29 September 2026. Changes below compare each bank’s typical advertised rate with its reading on that day.
| Bank | Typical variable rate | Since the last RBA decision | Details |
|---|---|---|---|
| Commonwealth Bank | 6.64% | Tracking since 22 Oct 2026 | CommBank rates |
| Westpac | 6.74% | Tracking since 22 Oct 2026 | Westpac rates |
| NAB | 6.84% | Tracking since 22 Oct 2026 | NAB rates |
| ANZ | 7.42% | Tracking since 22 Oct 2026 | ANZ rates |
| Macquarie Bank | 6.34% | Tracking since 22 Oct 2026 | Macquarie rates |
Last read 29 October 2026. Typical rate is the median of each bank’s advertised variable owner-occupier principal-and-interest rates across its standard home loans. Rates are for new loans and are not a recommendation.
How to read this table
When the RBA moves the cash rate, banks usually announce within days whether they will pass the change on. This tracker compares each bank’s typical advertised variable rate after the decision with its rate on decision day, so a pass-through shows up as soon as the bank updates its published product data.
To see what a change means for your repayments, use the rate change calculator.
Common questions
Do banks have to pass on RBA rate changes?
No. Each lender sets its own variable rates. Banks usually announce within a few days of an RBA decision whether they will pass a change on, often with the new rate taking effect one to two weeks later. They can also change rates between RBA meetings.
Where do these rates come from?
Under the Consumer Data Right, banks must publish details of their products, including advertised interest rates, through standard Open Banking interfaces. RBADay reads that data for each bank every six hours and records the rates once a day.
Why is my rate different?
These are advertised rates for new loans. Existing borrowers are often on different rates, discounts depend on loan size and loan-to-value ratio, and some products have eligibility conditions. Check your loan statement or ask your lender for your actual rate.