RBA decisionsAs of 16 June 2026May 2026
The RBA raised the cash rate to 4.35%. 46 of 51 banks passed it on to savers, a median 15 days later.
Cash rate 4.35% · raised 0.25 on 5 May, the third rise of 2026Who passed it on to savers
- Banks moved
- 46
- of 51 we track
- Median wait
- 15 days
- after the announcement
- First to move
- AMP GO
- 8 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
May5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Jun1
2
3
4
5
6
7
Rabobank
8 days · 13 May
ubank
8 days · 13 May
AMP GO
8 days · 13 May
Credit Union SA
8 days · 13 May
easyStreet
8 days · 13 May
MyState
9 days · 14 May
Suncorp
9 days · 14 May
ANZ
10 days · 15 May
ANZ Plus
10 days · 15 May
Commonwealth Bank
10 days · 15 May
ING
10 days · 15 May
Westpac
10 days · 15 May
Bank of Melbourne
10 days · 15 May
BankSA
10 days · 15 May
Greater Bank
10 days · 15 May
Newcastle Permanent
10 days · 15 May
Police Bank
10 days · 15 May
St George
10 days · 15 May
Summerland Bank
10 days · 15 May
NAB
11 days · 16 May
Bankwest
11 days · 16 May
Beyond Bank
14 days · 19 May
Defence Bank
15 days · 20 May
Queensland Country Bank
15 days · 20 May
RACQ Bank
15 days · 20 May
Bank Australia
16 days · 21 May
Qudos Bank
16 days · 21 May
Bendigo
17 days · 22 May
Macquarie
17 days · 22 May
Up
17 days · 22 May
Great Southern Bank
17 days · 22 May
IMB Bank
24 days · 29 May
Australian Military Bank
27 days · 1 Jun
Southern Cross Credit Union
27 days · 1 Jun
Auswide Bank Ltd
28 days · 2 Jun
Bank First
28 days · 2 Jun
BCU
28 days · 2 Jun
Horizon Bank
28 days · 2 Jun
MoveBank
28 days · 2 Jun
P&N
28 days · 2 Jun
Regional Australia Bank
28 days · 2 Jun
Unity Bank
28 days · 2 Jun
Bank of Sydney
29 days · 3 Jun
First Option Bank
29 days · 3 Jun
BOQ
31 days · 5 Jun
ME Bank - ME Go
31 days · 5 Jun
Didn’t raiseNo move in the 33 days
Judo Bank
Didn’t raise
Arab Bank
Didn’t raise
Heartland Bank
Didn’t raise
People First Bank
Didn’t raise
Virgin Money
Didn’t raise
Since 5 May
01w2w3w4w
Rabobank
8d
ubank
8d
AMP GO
8d
Credit Union SA
8d
easyStreet
8d
MyState
9d
Suncorp
9d
ANZ
10d
ANZ Plus
10d
Commonwealth Bank
10d
ING
10d
Westpac
10d
Bank of Melbourne
10d
BankSA
10d
Greater Bank
10d
Newcastle Permanent
10d
Police Bank
10d
St George
10d
Summerland Bank
10d
NAB
11d
Bankwest
11d
Beyond Bank
14d
Defence Bank
15d
Queensland Country Bank
15d
RACQ Bank
15d
Bank Australia
16d
Qudos Bank
16d
Bendigo
17d
Macquarie
17d
Up
17d
Great Southern Bank
17d
IMB Bank
24d
Australian Military Bank
27d
Southern Cross Credit Union
27d
Auswide Bank Ltd
28d
Bank First
28d
BCU
28d
Horizon Bank
28d
MoveBank
28d
P&N
28d
Regional Australia Bank
28d
Unity Bank
28d
Bank of Sydney
29d
First Option Bank
29d
BOQ
31d
ME Bank - ME Go
31d
Didn’t raiseNo move in the 33 days
Judo Bank
No
Arab Bank
No
Heartland Bank
No
People First Bank
No
Virgin Money
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 decision17 March 2026▲ 0.25Raised to 4.10%Savers32 of 34 bankspassed it on · median 11 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 16 June 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 5 May 2026 rise to 4.35%, 46 of the 51 banks BankMate tracks raised a savings rate, a median of 15 days later.