Which banks are lifting savings rates after the September RBA rate rise?

The Reserve Bank of Australia has raised the official cash rate by 25 basis points to 4.60%, the fourth rate hike of 2026.

While it's not good news for mortgage holders, savers will welcome a boost to their savings account interest rates. But is your bank actually passing it on?

Savings.com.au will provide rolling updates on this page of savings account rate changes following the RBA rate hike on 29 September.

Which banks are passing on the September rate rise to savings accounts?

Rate rise announcements are current as at the date noted below.

• Article last updated: 29 September 2026
• Want to tip us off about savings account rate rise we've missed? Email us: enquiries@savings.com.au

Adelaide Bank savings account rate hike (pending)

AMP Bank Go savings account rate hike (pending)

ANZ savings account rate hike (pending)

Australian Military Bank savings account rate hike (pending)

Australian Mutual Bank savings account rate hike (pending)

Auswide Bank savings account rate hike (pending)

Bank Australia savings account rate hike (pending)

Bank First savings account rate hike (pending)

Bank of Melbourne savings account rate hike (pending)

Bank of Queensland savings account rate hike (pending)

Bank of Sydney savings account rate hike (pending)

Bank of Us savings account rate hike (pending)

Bank First savings account rate hike (pending)

BankSA savings account rate hike (pending)

BankVic savings account rate hike (pending)

Bankwest savings account rate hike (pending)

BCU savings account rate hike (pending)

Bendigo Bank savings account rate hike (pending)

Beyond Bank savings account rate hike (pending)

Commonwealth Bank savings account rate hike (pending)

Credit Union SA savings account rate hike (pending)

Defence Bank savings account rate hike (pending)

G&C Mutual Bank savings account rate hike (pending)

Gateway Bank savings account rate hike (pending)

Goulburn Murray Credit Union savings account rate hike (pending)

Great Southern Bank savings account rate hike (pending)

Greater Bank savings account rate hike (pending)

Heartland Bank savings account rate hike (pending)

Heritage Bank savings account rate hike (pending)

Horizon Bank savings account rate hike (pending)

HSBC savings account rate hike (pending)

Hume Bank savings account rate hike (pending)

IMB Bank savings account rate hike (pending)

ING savings account rate hike (pending)

Judo Bank savings account rate hike (pending) 

Macquarie Bank savings account rate hike (pending)

ME Bank savings account rate hike (pending)

MOVE Bank savings account rate hike (pending)

MyState Bank savings account rate hike (pending)

NAB savings account rate hike (pending)

Newcastle Permanent savings account rate hike (pending)

P&N Bank savings account rate hike (pending)

People First Bank savings account rate hike (pending)

Police Credit Union savings account rate hike (pending)

QBank savings account rate hike (pending)

Qudos Bank savings account rate hike (pending)

Rabobank savings account rate hike (pending) 

RACQ Bank savings account rate hike (pending)

St George savings account rate hike (pending)

Summerland Bank savings account rate hike (pending)

Suncorp Bank savings account rate hike (pending)

Teachers Mutual Bank savings account rate hike (pending)

The Mutual Bank savings account rate hike (pending)

Ubank savings account rate hike (pending)

UniBank savings account rate hike (pending)

Up savings account rate hike (pending)

Virgin Money savings account rate hike (pending)

Westpac savings account rate hike (pending)

The Big Five

ANZ

(pending) 

See also: Quick Guide to ANZ Savings Accounts

Commonwealth Bank

(pending) 

See also: Quick Guide to Commonwealth Bank savings accounts

Macquarie Bank

(pending)

See also: Quick Guide to Macquarie Savings Accounts

National Australia Bank

(pending)

See also: Quick Guide to NAB Savings Accounts

Westpac

(pending)

See also: Quick Guide to Westpac Savings Accounts

Other banks

(Alphabetical order)

(pending)

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Need somewhere to store cash and earn interest? The table below features savings accounts with some of the highest interest rates on the market.

Time period

1 year

Deposit amount

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Bank	Savings Account	Base Interest Rate	Max Interest Rate	Total Interest Earned	Introductory Term	Minimum Amount	Maximum Amount	Linked Account Required	Minimum Monthly Deposit	Minimum Opening Deposit	Account Keeping Fee	ATM Access	Joint Application	Tags	Features	Link	Compare	Promoted Product	Disclosure
Revolut	Revolut Instant Access Savings Account ($0 - $100,000)	5.05% p.a.	5.50% p.a. Intro rate for 3 months then 5.05% p.a.	$1,047	3 months	$0	$99,999		$0	$0	$0				Intro rate for 3 months up to $100k, then 5.05% p.a. on paid Ultra plan up to $250k No deposit or withdrawal conditions. New to Revolut customers for a limited time. Open savings account within 1 month of joining. Total Interest Earned shown is for illustrative purposes and is based on monthly compounding. Actual Interest Earned will be higher from interest compounding daily instead of monthly.	Go to site	Compare	Promoted	Disclosure
ING	ING Savings Booster (balance up to $500k)	2.25% p.a. Bonus rate of 3.15% Rate varies on savings amount.	6.00% p.a. Intro rate for 4 months then 5.40% p.a.	$1,134	4 months	$0	$499,999		$0	$0	$0					Go to site	Compare		Disclosure
Rabobank	Rabobank High Interest Savings Account (<$250k)	4.00% p.a.	5.90% p.a. Intro rate for 4 months then 4.00% p.a.	$936	4 months	$0	$249,999		$0	$1	$0					Go to site	Compare		Disclosure