The Reserve Bank of Australia (RBA) has cut the cash rate by 25 basis points this month, taking it down from 3.85% to 3.60% p.a.  

Savings.com.au will provide rolling updates below of each lenders' announcements regarding passing on this August 2025 rate cut to variable-rate variable-rate home loans.

Which banks and lenders will cut variable interest rates?

All cuts below refer to lenders’ responses to the RBA’s rate cut on August 12 2025. 

See also: May 2025 RBA rate cut home loan announcements  

Last updated: 22/08/2025. 

Key notes:

    • P&I = Principal and Interest, IO= Interest Only, OO=Owner-occupiers
    • Basis points explained: 1 basis point = 0.01%
    • New lowest advertised variable rates:  Excludes introductory & honeymoon rates and package rates. Rates are correct at the time of the last update to this page. Lowest rates will only be listed if they are currently available and new (i.e. the rate became that lender’s lowest rate after some or all of the RBA’s July cash rate cut were passed on).

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Adelaide Bank interest rate cut

AMP Bank interest rate cut

ANZ interest rate cut

Arab Bank Australia interest rate cut

Athena interest rate cut

Australian Military Bank interest rate cut

Australian Mutual Bank interest rate cut

Australian Unity Bank interest rate cut

Auswide Bank interest rate cut

Bank Australia interest rate cut

Bank First interest rate cut

Bank of Melbourne interest rate cut

Bank of Queensland (BoQ) interest rate cut

Bank of Sydney interest rate cut

Bank of Us interest rate cut

BankSA interest rate cut

BankVic interest rate cut

Bankwest interest rate cut

BCU Bank interest rate cut

Bendigo Bank interest rate cut

Beyond Bank interest rate cut

Commonwealth Bank interest rate cut

Community First Bank interest rate cut

Credit Union SA interest rate cut

Defence Bank interest rate cut

Firstmac interest rate cut

G&C Mutual Bank interest rate cut

Gateway Bank interest rate cut

Geelong Bank interest rate cut

Goulburn Murray Credit Union interest rate cut

Great Southern Bank interest rate cut

Greater Bank interest rate cut

Heritage interest rate cut

Homeloans.com.au interest rate cut

Homestar Finance interest rate cut 

Horizon Bank interest rate cut 

HSBC interest rate cut

Hume Bank interest rate cut

IMB Bank interest rate cut

ING interest rate cut

Loans.com.au interest rate cut

Macquarie Bank interest rate cut

ME Bank interest rate cut

MOVE Bank interest rate cut

MyState Bank interest rate cut

NAB interest rate cut

Newcastle Permanent interest rate cut

Northern Inland Credit Union interest rate cut

P&N Bank interest rate cut

People's Choice interest rate cut

Pepper Money interest rate cut

Police Credit Union interest rate cut

QBank interest rate cut

Qudos Bank interest rate cut

RACQ Bank interest rate cut

RAMS interest rate cut

Reduce interest rate cut

Regional Australia Bank Home Loans interest rate cut

Resimac interest rate cut

St George interest rate cut

State Custodians interest rate cut

Summerland Bank interest rate cut

Suncorp interest rate cut

Teachers Mutual Bank interest rate cut

The Mutual Bank interest rate cut

Tiimely Home interest rate cut

Ubank interest rate cut

UniBank interest rate cut

Unity Bank interest rate cut

Unloan interest rate cut

Up Bank interest rate cut

Virgin Money interest rate cut

Well Home Loans interest rate cut

Westpac interest rate cut

Wlth interest rate cut (pending)

Yard interest rate cut

Yellow Brick Road interest rate cut

Adelaide Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 27 August
  • Other info:

AMP interest rate cut 

  • Rate cut: 25 basis points 
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 25 August
  • Other info:

ANZ interest rate cut 

  • Rate cut: 25 basis points 
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 22 August
  • Other info: 

Athena interest rate cut

  • Rate cut: 25 bps
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 12 August
  • Other info: 

Athena home loan rates

Arab Bank Australia interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable rate owner occupier home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info:

Australian Military Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 26 August
  • Other info: 

Australian Mutual Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 1 September
  • Other info: 

Australian Unity Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans 
  • Announcement date: 12 August
  • Effective date: 21 August
  • Other info: 

Auswide Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 28 August
  • Other info: 

Bank Australia interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 21 August
  • Other info: 

Bank First interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 21 August
  • Other info: 

Bank of Melbourne interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Bank of Queensland (BoQ) interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 29 August
  • Other info:

Bank of Queensland home loan rates

Bank of Us interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans for existing borrowers
  • Announcement date: 13 August
  • Effective date: 26 August
  • Other info: 

Bank of Sydney interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 26 August
  • Other info:

BankSA interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

BankVic interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Bankwest interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 22 August
  • Other info: 

Bankwest home loan rates

BCU Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 2 September
  • Other info:

Bendigo Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 27 August
  • Other info:

Bendigo Bank home loan rates

Beyond Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 26 August
  • Other info:

Commonwealth Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 22 August
  • Other info: 

Commonwealth Bank home loan rates

Credit Union SA interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 19 August
  • Effective date: 26 August
  • Other info: 

Community First Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 14 August
  • Effective date: 21 August
  • Other info: 

Defence Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 19 August
  • Other info: 

Firstmac interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Gateway Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 19 August
  • Other info: 

G&C Mutual Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Existing variable rate home loans
  • Announcement date: 15 August
  • Effective date: 1 September
  • Other info: 

Geelong Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-home loan rates
  • Announcement date: 13 August
  • Effective date: 29 August
  • Other info:

Goulburn Murray Credit Union interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable home loan rates
  • Announcement date: 13 August
  • Effective date: 21 August
  • Other info:

Greater Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Great Southern Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: 'Most' variable-rate home loans for owner-occupiers and investors
  • Announcement date: 14 August
  • Effective date: 26 August
  • Other info: 

Great Southern Bank home loan rates

Heritage Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans for existing customers
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Homeloans.com.au interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 28 August
  • Other info:

Homeloans.com.au home loan rates

Homestar Finance interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans for existing customers
  • Announcement date: 12 August
  • Effective date: 1 September
  • Other info: 

Horizon Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 15 August
  • Effective date: 15 August
  • Other info:

HSBC interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Hume Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 14 August
  • Other info:

HSBC home loan rates

IMB Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 26 August
  • Other info: 

IMB Bank home loans review

ING Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

ING Bank home loan rates

Loans.com.au interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Loans.com.au home loan rates

Macquarie Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable rate home loans
  • Announcement date: 12 August
  • Effective date: 15 August
  • Other info: 

Macquarie home loan rates

ME Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 30 August
  • Other info:

MOVE Bank interest rate cut 

  • Rate cut: 20 basis points for new business, 25 bps for existing customers
  • Applies to: Variable-rate home loans
  • Announcement date: 14 August/28 August
  • Effective date: 1 September
  • Other info: 

MyState Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 28 August
  • Other info: 

NAB interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable rate home loans
  • Announcement date: 12 August
  • Effective date: 25 August 
  • Other info: 

NAB home loan rates

Newcastle Permanent interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Newcastle Permanent home loan rates

Northern Inland Credit Union interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable rate home loans
  • Announcement date: 16 August
  • Effective date: 1 September
  • Other info: 

P&N Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 2 September
  • Other info:

People's Choice interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Pepper Money interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable rate home loans
  • Announcement date: 12 August
  • Effective date: 28 August
  • Other info: 

Police Credit Union interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable rate home loans
  • Announcement date: 21 August
  • Effective date: 1 September
  • Other info: 

QBank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 1 September
  • Other info: 

Qudos Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 21 August
  • Other info: 

RACQ Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

RACQ Bank home loan rates

RAMS interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: RAMS is no longer accepting new home loan applications

Reduce interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable rate home loans
  • Announcement date: 14 August
  • Effective date: 21 August
  • Other info: 

Regional Australia Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to:  Existing variable rate home loans
  • Announcement date: 15 August
  • Effective date: 22 August
  • Other info:

Resimac Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 28 August
  • Other info:

State Custodians interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 28 August
  • Other info: 

St George interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

St George home loan rates

Summerland Bank interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 14 August
  • Effective date: 21 August
  • Other info: 

Suncorp Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 22 August
  • Other info: 

Suncorp home loans

Teachers Mutual Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable rate home loans
  • Announcement date: 12 August
  • Effective date: 21 August
  • Other info: 

The Mutual Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans for existing customers
  • Announcement date: 13 August
  • Effective date: None
  • Other info: 

Tiimely Home interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 27 August
  • Other info: 

Tiimely home loan rates

Ubank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 21 August
  • Other info: 

Ubank home loan rates

Unloan interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 12 August
  • Other info: 

Unloan home loan rates

UniBank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 21 August
  • Other info: 

Unity Bank interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 15 August
  • Effective date: 1 September
  • Other info: 

Up interest rate cut

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date:14 August
  • Effective date: 1 September
  • Other info: 

Virgin Money interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 13 August
  • Effective date: 29 August
  • Other info:

Well Money interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable rate home loans
  • Announcement date:
  • Effective date: 27 August for some legacy products and 29 August for the remainder
  • Other info: 

Westpac interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Variable-rate home loans
  • Announcement date: 12 August
  • Effective date: 26 August
  • Other info: 

Westpac home loan rates

Yard interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Not specified
  • Announcement date: 18 August
  • Effective date: 29 August
  • Other info: 

Yellow Brick Road interest rate cut 

  • Rate cut: 25 basis points
  • Applies to: Not specified
  • Announcement date: 12 August
  • Effective date: 14 August
  • Other info: