Macquarie Bank today announced it will make changes to interest rates across its variable home loan and deposit products following the Reserve Bank’s decision to increase Australia’s official cash rate.
Macquarie will increase variable home loan reference rates and the ongoing variable interest rates paid on its transaction and savings accounts by 0.25% p.a. effective from 22 May 2026. The changes will see customers receive an ongoing variable rate of 2.75% p.a. on all balances held in a Macquarie Transaction Account and 5.00% p.a. on balances up to $2 million held in a Macquarie Savings Account.
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