RBA decisionsLive · as of 3 NovemberNovember 2026
The RBA raised the cash rate to 4.85%. 3 of 69 banks passed it on to savers so far; 1 of 42 lenders to borrowers.
Cash rate 4.85% · raised 0.25 on 3 November, the fifth rise of 2026Who passed it on to savers
- Banks moved
- 3
- of 69 we track, 3 announced
- Median wait
- —
- No move made yet
- First to move
- —
- No move made yet
Day by day
Darker is better for savers: raised soonerWithin a week8–10 days11–14 days3 weeks4 weeksLongerHasn’t raisedStarts on
Day the new rate showed
Nov3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Announced, not in their feeds yetThe bank has said when its new rate starts
Haven’t raised yetNo move in the 0 days since
Since 3 Nov
01w2w
Every savings rate change, updated nightly
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: 8 December 2026- RBA decision29 September 2026▲ 0.25Raised to 4.60%Savers54 of 61 bankspassed it on · median 14 daysBorrowers40 of 41 lenderspassed it on · median 11 daysSee who passed it on
- RBA decision5 May 2026▲ 0.25Raised to 4.35%Savers45 of 50 bankspassed it on · median 15 daysBorrowersHome loans tracked from 12 September 2026See who passed it on
- RBA decision17 March 2026▲ 0.25Raised to 4.10%Savers31 of 33 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 today, 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. Factual comparison, not financial advice. Methodology · Every decision
As of 3 November 2026, after the RBA's 3 November 2026 rise to 4.85%, 3 of the 69 banks BankMate tracks raised a savings rate, and 1 of the 42 lenders BankMate tracks raised a variable home loan rate.