RBA decisionsAs of 28 April 2026March 2026
The RBA raised the cash rate to 4.10%. 32 of 34 banks passed it on to savers, a median 11 days later.
Cash rate 4.10% · raised 0.25 on 17 March, the second rise of 2026Who passed it on to savers
- Banks moved
- 32
- of 34 we track
- Median wait
- 11 days
- after the announcement
- First to move
- easyStreet
- 4 days later
Day by day
Darker is better for savers: raised soonerWithin a week8–10 days11–14 days3 weeks4 weeksLongerDidn’t raiseStarts on
Day the new rate showed
Mar17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Apr1
2
3
4
5
6
7
8
9
easyStreet
4 days · 21 Mar
MoveBank
6 days · 23 Mar
Rabobank
8 days · 25 Mar
ubank
8 days · 25 Mar
ME Bank - ME Go
9 days · 26 Mar
MyState
9 days · 26 Mar
ANZ Plus
10 days · 27 Mar
Commonwealth Bank
10 days · 27 Mar
ING
10 days · 27 Mar
Westpac
10 days · 27 Mar
Bank of Melbourne
10 days · 27 Mar
BankSA
10 days · 27 Mar
Newcastle Permanent
10 days · 27 Mar
St George
10 days · 27 Mar
Suncorp
10 days · 27 Mar
BOQ
11 days · 28 Mar
NAB
11 days · 28 Mar
Bankwest
11 days · 28 Mar
Virgin Money
11 days · 28 Mar
Up
15 days · 1 Apr
People First Bank
15 days · 1 Apr
RACQ Bank
15 days · 1 Apr
Southern Cross Credit Union
15 days · 1 Apr
Macquarie
16 days · 2 Apr
Bank Australia
16 days · 2 Apr
Bank of Sydney
16 days · 2 Apr
BCU
16 days · 2 Apr
Defence Bank
16 days · 2 Apr
Regional Australia Bank
16 days · 2 Apr
Unity Bank
16 days · 2 Apr
Great Southern Bank
17 days · 3 Apr
Bendigo
21 days · 7 Apr
Didn’t raiseNo move in the 23 days
Australian Military Bank
Didn’t raise
Heartland Bank
Didn’t raise
Since 17 Mar
01w2w3w
easyStreet
4d
MoveBank
6d
Rabobank
8d
ubank
8d
ME Bank - ME Go
9d
MyState
9d
ANZ Plus
10d
Commonwealth Bank
10d
ING
10d
Westpac
10d
Bank of Melbourne
10d
BankSA
10d
Newcastle Permanent
10d
St George
10d
Suncorp
10d
BOQ
11d
NAB
11d
Bankwest
11d
Virgin Money
11d
Up
15d
People First Bank
15d
RACQ Bank
15d
Southern Cross Credit Union
15d
Macquarie
16d
Bank Australia
16d
Bank of Sydney
16d
BCU
16d
Defence Bank
16d
Regional Australia Bank
16d
Unity Bank
16d
Great Southern Bank
17d
Bendigo
21d
Didn’t raiseNo move in the 23 days
Australian Military Bank
No
Heartland Bank
No
Before → after
Savers · savings accounts
What a rise doesn't change
- Bonus conditions. In a month the conditions aren’t met, most bonus accounts pay only their base rate, often under 1%.
- Intro rates. A bank can move its ongoing rate and leave its intro rate where it is, or close the offer.
- Term deposits already open. Their rate is fixed until they mature.
- Fixed-rate home loans. Their rate holds until the fixed term ends. New fixed rates follow lenders’ funding costs on their own clock, so they aren’t counted here.
The other decisions we've tracked
Next decision: 3 November 2026- RBA decisionStill counting · day 1629 September 2026▲ 0.25Raised to 4.60%Savers40 of 62 bankspassed it on · median 10 daysBorrowers33 of 38 lenderspassed it on · median 10 daysSee who passed it on
- RBA decision5 May 2026▲ 0.25Raised to 4.35%Savers46 of 51 bankspassed it on · median 15 daysBorrowersHome loans tracked from 12 September 2026See who passed it on
- Data
- Each bank's and lender's Consumer Data Right (Open Banking) product feed, read every night. A reading is recorded when the published rate differs from the last one stored, so a move is dated the day it first showed in the feed.
- What counts
- A move in the Board's direction between the announcement (2:30pm AEST) and 28 April 2026, 6 weeks on. Savers: each account's first-tier rate with any bonus. Borrowers: the advertised variable rate for a new owner-occupier at 80% of the property's value, paying principal and interest. Our own corrections are never a move.
- Scope
- Banks and lenders with a product listed on BankMate and tracked before the announcement. Not financial advice. Methodology · Every decision
In the 42 days after the RBA's 17 March 2026 rise to 4.10%, 32 of the 34 banks BankMate tracks raised a savings rate, a median of 11 days later.