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Reserve Bank of Australia

RBA decisionsAs of 15 OctoberThe cash rate is4.60%

▲ 0.25 on 29 Septemberthe fourth rise of 2026
Next decision
Tuesday 3 November, 2:30pm
19
days to go
We track this0%1%2%3%4%5%’23’24’25’26

Who passed it on, and how fast

Each dot is a bank, on the day its new savings rate showed in its Open Banking feed.

29 September 2026

Still counting
The RBA raised the cash rate 0.25 to 4.60%
40/62
banks passed it on, 2 announced
10 days
median wait
See every bank
Day 01w2w3w4w5w6wTodayMedian · 10 days
First: Australian Mutual Bank LTD, day 2Big four: day 10Every other bankOther banksPoint at a bank to name it
  • Australian Mutual Bank LTD: day 2
  • People First Bank: day 2
  • Bank of Sydney: day 3
  • AMP GO: day 7
  • ubank: day 7
  • Judo Bank: day 8
  • Revolut: day 8
  • MyState: day 9
  • Suncorp: day 9
  • Up: day 9
  • ANZ: day 10
  • ANZ Plus: day 10
  • Commonwealth Bank: day 10
  • NAB: day 10
  • Westpac: day 10
  • Bank of Melbourne: day 10
  • BankSA: day 10
  • Bankwest: day 10
  • BOQ: day 10
  • easyStreet: day 10
  • Greater Bank: day 10
  • IMB Bank: day 10
  • ING: day 10
  • ME Bank - ME Go: day 10
  • Newcastle Permanent: day 10
  • St George: day 10
  • Beyond Bank: day 14
  • Credit Union SA: day 15
  • Gateway Bank: day 15
  • Rabobank: day 15
  • RACQ Bank: day 15
  • Bank Australia: day 16
  • Defence Bank: day 16
  • Macquarie: day 16
  • MoveBank: day 16
  • Police Bank: day 16
  • Qudos Bank: day 16
  • Queensland Country Bank: day 16

5 May 2026

The RBA raised the cash rate 0.25 to 4.35%
46/51
banks passed it on
15 days
median wait
See every bank
Day 01w2w3w4w5w6wMedian · 15 days
First: AMP GO, day 8Big four: days 10–11Every other bankOther banksPoint at a bank to name it
  • AMP GO: day 8
  • Credit Union SA: day 8
  • easyStreet: day 8
  • Rabobank: day 8
  • ubank: day 8
  • MyState: day 9
  • Suncorp: day 9
  • ANZ: day 10
  • ANZ Plus: day 10
  • Commonwealth Bank: day 10
  • Westpac: day 10
  • Bank of Melbourne: day 10
  • BankSA: day 10
  • Greater Bank: day 10
  • ING: day 10
  • Newcastle Permanent: day 10
  • Police Bank: day 10
  • St George: day 10
  • Summerland Bank: day 10
  • NAB: day 11
  • Bankwest: day 11
  • Beyond Bank: day 14
  • Defence Bank: day 15
  • Queensland Country Bank: day 15
  • RACQ Bank: day 15
  • Bank Australia: day 16
  • Qudos Bank: day 16
  • Bendigo: day 17
  • Great Southern Bank: day 17
  • Macquarie: day 17
  • Up: day 17
  • IMB Bank: day 24
  • Australian Military Bank: day 27
  • Southern Cross Credit Union: day 27
  • Auswide Bank Ltd: day 28
  • Bank First: day 28
  • BCU: day 28
  • Horizon Bank: day 28
  • MoveBank: day 28
  • P&N: day 28
  • Regional Australia Bank: day 28
  • Unity Bank: day 28
  • Bank of Sydney: day 29
  • First Option Bank: day 29
  • BOQ: day 31
  • ME Bank - ME Go: day 31

17 March 2026

The RBA raised the cash rate 0.25 to 4.10%
32/34
banks passed it on
11 days
median wait
See every bank
Day 01w2w3w4w5w6wMedian · 11 days
First: easyStreet, day 4Big four: days 10–11Every other bankOther banksPoint at a bank to name it
  • easyStreet: day 4
  • MoveBank: day 6
  • Rabobank: day 8
  • ubank: day 8
  • ME Bank - ME Go: day 9
  • MyState: day 9
  • ANZ Plus: day 10
  • Commonwealth Bank: day 10
  • Westpac: day 10
  • Bank of Melbourne: day 10
  • BankSA: day 10
  • ING: day 10
  • Newcastle Permanent: day 10
  • St George: day 10
  • Suncorp: day 10
  • NAB: day 11
  • Bankwest: day 11
  • BOQ: day 11
  • Virgin Money: day 11
  • People First Bank: day 15
  • RACQ Bank: day 15
  • Southern Cross Credit Union: day 15
  • Up: day 15
  • Bank Australia: day 16
  • Bank of Sydney: day 16
  • BCU: day 16
  • Defence Bank: day 16
  • Macquarie: day 16
  • Regional Australia Bank: day 16
  • Unity Bank: day 16
  • Great Southern Bank: day 17
  • Bendigo: day 21

When the Board meets

Decision at 2:30pm AEST on the second day
  • Next · in 19 days
    2–3 November
  • 2026
    7–8 December
  • 2027
    8–9 February
  • 2027
    22–23 March
  • 2027
    3–4 May
  • 2027
    21–22 June
  • 2027
    9–10 August
  • 2027
    27–28 September
  • 2027
    1–2 November
  • 2027
    13–14 December

From the RBA’s published schedule. The Board can meet outside it.

2026
2025
  • 12 August−0.25 to 3.60%
  • 20 May−0.25 to 3.85%
  • 18 February−0.25 to 4.10%
2024
  • Held all year
2023
  • 7 November+0.25 to 4.35%
  • 6 June+0.25 to 4.10%
  • 2 May+0.25 to 3.85%
  • 7 March+0.25 to 3.60%
  • 7 February+0.25 to 3.35%
2022
  • 6 December+0.25 to 3.10%
  • 1 November+0.25 to 2.85%
  • 4 October+0.25 to 2.60%
  • 6 September+0.50 to 2.35%
  • 2 August+0.50 to 1.85%
  • 5 July+0.50 to 1.35%
  • 7 June+0.50 to 0.85%
  • 3 May0.35%

The day each change was announced. Meetings where the Board held the rate aren’t listed.

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Data
The cash rate target from the RBA's Statistical Table A2, read after every announcement. Banks' and lenders' rates from their Consumer Data Right (Open Banking) feeds, read every night.
Passing it on
A bank or lender has passed a move on once one of its rates moves the Board's way in its feed. Savers: savings rates, from 18 February 2026. Borrowers: variable home loan rates for new borrowers, from 12 September 2026. Each decision counts six weeks, or up to the next decision.
Scope
Banks and lenders with a product listed on BankMate. Not financial advice. Methodology

As of 15 October 2026, the RBA cash rate target is 4.60%, set on 29 September 2026. The Board next meets on 2–3 November 2026 and announces its decision at 2:30pm AEST on 3 November 2026. After the 29 September 2026 rise, 40 of the 62 banks BankMate tracks had passed it on to savers so far, a median of 10 days later.