RBA rate hike May 2026: Is your lender passing it on?

The Reserve Bank of Australia (RBA) has hiked the cash rate by 25 basis points this month, taking it up from 4.10% to 4.35% 

Savings.com.au will provide rolling updates below of each lender's announcements regarding passing on this May rate hike to variable-rate home loans.

Which banks and lenders will hike variable interest rates?

All hikes below refer to lenders’ responses to the RBA’s rate hike on 5 May 2026

Key notes:

• P&I = Principal and Interest, IO = Interest Only, OO =Owner-occupiers
• Basis points explained:  1 basis point = 0.01%

Adelaide Bank interest rate hike (pending)

AMP Bank interest rate hike

ANZ interest rate hike

Athena interest rate hike (pending)

Australian Military Bank interest rate hike (pending)

Australian Mutual Bank interest rate hike

Auswide Bank interest rate hike

Bank Australia interest rate hike

Bank First interest rate hike (pending)

Bank of Melbourne interest rate hike

Bank of Queensland (BOQ) interest rate hike (pending)

Bank of Sydney interest rate hike

Bank of Us interest rate hike (pending)

Bank First interest rate hike (pending)

BankSA interest rate hike

BankVic interest rate hike (pending)

Bankwest interest rate hike

BCU interest rate hike (pending)

Bendigo Bank interest rate hike

Beyond Bank interest rate hike (pending)

Commonwealth Bank interest rate hike

Credit Union SA interest rate hike

Defence Bank interest rate hike (pending)

Firstmac interest rate hike (pending)

G&C Mutual Bank interest rate hike (pending)

Gateway Bank interest rate hike (pending)

Goulburn Murray Credit Union interest rate hike (pending)

Great Southern Bank interest rate hike (pending)

Greater Bank interest rate hike (pending)

Heritage Bank interest rate hike (pending)

Homeloans.com.au interest rate hike

Homestar Finance interest rate hike

Horizon Bank interest rate hike (pending)

HSBC Bank interest rate hike

Hume Bank interest rate hike (pending)

IMB Bank interest rate hike (pending)

ING interest rate hike

loans.com.au interest rate hike

Macquarie Bank interest rate hike

ME Bank interest rate hike

Mortgage House interest rate hike (pending)

MOVE Bank interest rate hike (pending)

MyState Bank interest rate hike

NAB interest rate hike

Newcastle Permanent interest rate hike (pending)

OneTwo Home Loans interest rate hike (pending)

P&N Bank interest rate hike (pending)

People's Choice interest rate hike (pending)

Pepper Money interest rate hike

Police Credit Union interest rate hike (pending)

QBank interest rate hike (pending)

Qudos Bank interest rate hike

RACQ Bank interest rate hike (pending)

RAMS interest rate hike (pending)

Reduce Home Loans interest rate hike (pending)

St George interest rate hike

State Custodians interest rate hike (pending)

Summerland Bank interest rate hike (pending)

Suncorp Bank interest rate hike

Teachers Mutual Bank interest rate hike

The Mutual Bank interest rate hike (pending)

Tiimely interest rate hike

UBank interest rate hike

UniBank interest rate hike

Unloan interest rate hike (pending)

Up interest rate hike (pending)

Virgin Money interest rate hike

Well Home Loans interest rate hike (pending)

Westpac interest rate hike

Wlth interest rate hike (pending)

Yard interest rate hike (pending)

Yellow Brick Road interest rate hike (pending)

AMP Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 11 May
• Announcement date: 6 May
• Other info: 

AMP Bank home loan rates

Australian Mutual Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 1 June 
• Announcement date: 5 May
• Other info: 

Auswide Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 14 May
• Other info: 

ANZ interest rate hike

• May 2026 rate hike: Pending
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Announcement date: 5 May
• Other info:

ANZ home loan rates

Bank Australia interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 20 May
• Announcement date: 6 May
• Other info: 

Bank of Melbourne interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Announcement date: 6 May
• Other info: 

Bank of Sydney interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Announcement date: 7 May
• Other info: 

BankSA interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Announcement date: 6 May
• Other info: 

Bankwest interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Announcement date: 6 May
• Other info: 

Bankwest home loan rates

Bendigo Bank interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Announcement date:6 May
• Effective date: 13 May
• Other info: 

Bendigo Bank home loan rates

Commonwealth Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Home loan variable interest rates
• Effective date: 15 May
• Announcement date: 5 May
• Other info:
  

Commonwealth Bank home loan rates

Credit Union SA interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 14 May
• Announcement date: 6 May
• Other info:

Homeloans.com.au interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Announcement date: 6 May
• Other info: 

ING Bank interest rate hike 

• May 2026 ate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Announcement date: 8 May
• Other info: 

ING Bank home loan rates

loans.com.au interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Announcement date: 14 May
• Effective date: 15 May
• Other info: 

Homestar Finance interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 11 May
• Announcement date: 6 May
• Other info: 

HSBC interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 18 May
• Other info: 

HSBC home loan rates

Macquarie Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to:  Variable-rate home loans
• Effective date: 22 May
• Announcement date: 5 May
• Other info:
  

Macquarie home loan rates

ME Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 16 May
• Announcement date: 6 May
• Other info: 

ME Bank home loan rates

MyState Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 14 May
• Announcement date: 7 May
• Other info: 

NAB interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable home loan interest rates
• Effective date: 15 May
• Announcement date: 5 May
• Other info:
  

NAB home loan rates

Pepper Money interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Other info: 

Qudos Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 20 May
• Announcement date: 6 May
• Other info: 

St George interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable home loan interest rates
• Effective date: 15 May
• Announcement date: 6 May
• Other info:

St George home loan rates

Suncorp Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Other info: 

Suncorp Bank home loan rates

Teachers Mutual Bank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 1 June 
• Announcement date: 5 May
• Other info: 

Tiimely interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Announcement date: 7 May
• Other info: 
  

UBank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 14 May
• Other info: 

UniBank interest rate hike

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 1 June 
• Announcement date: 5 May
• Other info: 

Virgin Money interest rate hike

• May 2026 Rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 8 May
• Announcement date: 5 May
• Other info:

Westpac interest rate hike 

• May 2026 rate hike: 25 basis points
• Applies to: Variable-rate home loans
• Effective date: 15 May
• Announcement date: 5 May
• Other info: