Data › Bank rate changes by month › October 2026

Market Pulse · October 2026Oct 2026

Australian bank rates in October 2026: 98 lenders, 6,454 rate changes, 6,248 rises

Name: Australian bank rates in October 2026: 98 lenders, 6,454 rate changes, 6,248 rises
Creator: Open Market Intel
Published: 2026-11-01
License: https://creativecommons.org/licenses/by/4.0/

1 to 31 October 2026 · 98 lenders moved · rate levels and medians as published on 1 November 2026

This monthOctober

98 lenders changed 6,454 rates in October; 6,248 rises at a median +0.25pp; 206 cuts at a median −0.10pp.

6,454

rate changes

▲ 6,248

increases (96.8%)

▼ 206

decreases

+0.25pp

median increase

Home loans

Home loans · Owner-occupier · P&I1,569 moves · 406 products · 87 lenders changed

86 lenders raised 1,530 rates (median +0.25pp) · 39 rates cut (median −0.10pp)

▲ 1,530 increases (97.5%)

▼ 39 decreases (2.5%)

median move

+0.25pp / −0.10pp

Rate distribution 525 offers · from 87 lenders · median 6.50% · max 9.87%

<5.75%20.4%

5.75-6.00%81.5%

6.00-6.25%7714.7%

6.25-6.50%17433.1%

6.50-7.00%17934.1%

≥7.00%8516.2%

Size of increase

≤0.10pp16210.6%

0.11-0.25pp1,10172.0%

0.26-0.50pp18412.0%

>0.50pp835.4%

Fixed 818 (52%)·Variable 743 (48%)

Rates by term · Variable + 1-5Y Fixed


Median rate @ ≤80% LVR
Active offers
Rate increases
Rate decreases
Median increase

Variable	1Y Fix	2Y Fix	3Y Fix	4Y Fix	5Y Fix	Other Fix
6.39%	6.59%	6.59%	6.69%	6.79%	6.79%	7.24%
274	119	123	114	75	90	1
729	171	178	181	130	141	0
19	3	6	3	4	4	0
+0.25pp	+0.20pp	+0.25pp	+0.25pp	+0.25pp	+0.25pp	-

Variable rate by product type · Basic, Standard or Package by the product's name


Median rate @ ≤80% LVR
Active offers
Rate increases
Median increase

Basic Variable	Standard Variable	Package Variable
6.32%	6.39%	6.44%
52	155	55
169	395	160
+0.25pp	+0.25pp	+0.25pp

397 @ ≤80% LVR · median 6.44% · 2 below 5.75%

Home loans · Owner-occupier · IO840 moves · 177 products · 61 lenders changed

61 lenders raised 798 rates (median +0.25pp) · 42 rates cut (median −0.08pp)

▲ 798 increases (95.0%)

▼ 42 decreases (5.0%)

median move

+0.25pp / −0.08pp

Rate distribution 144 offers · from 35 lenders · median 6.88% · max 9.75%

6.00-6.25%42.8%

6.25-6.50%2416.7%

6.50-6.75%3121.5%

6.75-7.25%5538.2%

≥7.25%3020.8%

<6.00% - 0 offers, hidden

Size of increase

≤0.10pp10112.7%

0.11-0.25pp54167.8%

0.26-0.50pp769.5%

>0.50pp8010.0%

Fixed 416 (50%)·Variable 417 (50%)

Rates by term · Variable + 1-5Y Fixed


Median rate @ ≤80% LVR
Active offers
Rate increases
Rate decreases
Median increase

Variable	1Y Fix	2Y Fix	3Y Fix	4Y Fix	5Y Fix
6.88%	6.69%	6.84%	6.89%	6.99%	6.99%
63	33	33	31	24	25
394	64	90	94	74	82
23	3	4	3	4	5
+0.25pp	+0.10pp	+0.15pp	+0.20pp	+0.35pp	+0.27pp

Variable rate by product type · Basic, Standard or Package by the product's name


Median rate @ ≤80% LVR
Active offers
Rate increases
Median increase

Basic Variable	Standard Variable	Package Variable
6.79%	6.94%	6.54%
8	40	15
68	225	101
+0.25pp	+0.25pp	+0.25pp

116 @ ≤80% LVR · median 6.74%

Home loans · Investor · P&I1,316 moves · 352 products · 85 lenders changed

84 lenders raised 1,281 rates (median +0.25pp) · 35 rates cut (median −0.08pp)

▲ 1,281 increases (97.3%)

▼ 35 decreases (2.7%)

median move

+0.25pp / −0.08pp

Rate distribution 344 offers · from 53 lenders · median 6.69% · max 9.89%

5.75-6.25%41.2%

6.25-6.50%7521.8%

6.50-6.75%10430.2%

6.75-7.25%10129.4%

≥7.25%6017.4%

<5.75% - 0 offers, hidden

Size of increase

≤0.10pp17013.3%

0.11-0.25pp89669.9%

0.26-0.50pp13710.7%

>0.50pp786.1%

Fixed 680 (52%)·Variable 632 (48%)

Rates by term · Variable + 1-5Y Fixed


Median rate @ ≤80% LVR
Active offers
Rate increases
Rate decreases
Median increase

Variable	1Y Fix	2Y Fix	3Y Fix	4Y Fix	5Y Fix
6.59%	6.69%	6.69%	6.79%	6.97%	7.04%
161	59	60	54	32	37
620	147	151	154	98	111
14	4	6	3	4	4
+0.25pp	+0.21pp	+0.25pp	+0.25pp	+0.25pp	+0.25pp

Variable rate by product type · Basic, Standard or Package by the product's name


Median rate @ ≤80% LVR
Active offers
Rate increases
Median increase

Basic Variable	Standard Variable	Package Variable
6.54%	6.62%	6.67%
25	105	32
143	341	134
+0.25pp	+0.25pp	+0.25pp

268 @ ≤80% LVR · median 6.64%

Home loans · Investor · IO1,130 moves · 275 products · 71 lenders changed

71 lenders raised 1,088 rates (median +0.25pp) · 42 rates cut (median −0.10pp)

▲ 1,088 increases (96.3%)

▼ 42 decreases (3.7%)

median move

+0.25pp / −0.10pp

Rate distribution 256 offers · from 40 lenders · median 6.89% · max 10.47%

<6.25%10.4%

6.25-6.50%62.3%

6.50-6.75%6224.2%

6.75-7.00%7830.5%

7.00-7.50%6324.6%

≥7.50%4618.0%

Size of increase

≤0.10pp15914.6%

0.11-0.25pp76370.1%

0.26-0.50pp847.7%

>0.50pp827.5%

Fixed 606 (54%)·Variable 519 (46%)

Rates by term · Variable + 1-5Y Fixed


Median rate @ ≤80% LVR
Active offers
Rate increases
Rate decreases
Median increase

Variable	1Y Fix	2Y Fix	3Y Fix	4Y Fix	5Y Fix
6.84%	6.80%	6.89%	6.94%	7.09%	7.09%
84	43	43	40	25	29
499	130	130	137	89	103
22	3	5	4	4	4
+0.25pp	+0.20pp	+0.22pp	+0.25pp	+0.25pp	+0.25pp

Variable rate by product type · Basic, Standard or Package by the product's name


Median rate @ ≤80% LVR
Active offers
Rate increases
Median increase

Basic Variable	Standard Variable	Package Variable
6.84%	6.84%	6.79%
16	51	21
111	271	115
+0.25pp	+0.25pp	+0.25pp

191 @ ≤80% LVR · median 6.84%

Home loans · Niche206 moves · 111 products · 34 lenders changed

34 lenders raised 206 rates (median +0.25pp)

▲ 206 increases (100.0%)

▼ 0 decreases (0.0%)

median move

+0.25pp / -

Rate distribution 138 offers · from 40 lenders · median 7.14% · max 12.27%

<4.50%32.2%

4.50-5.75%21.4%

5.75-6.50%4331.2%

6.50-7.25%2215.9%

7.25-8.50%2316.7%

≥8.50%4532.6%

Size of increase

≤0.10pp41.9%

0.11-0.25pp19192.7%

0.26-0.50pp115.3%

>0.50pp - 0 moves, hidden

Fixed 48 (23%)·Variable 157 (77%)

Rates by term · Variable + 1-5Y Fixed


Median rate @ ≤80% LVR
Active offers
Rate increases
Rate decreases
Median increase

Variable	1Y Fix	2Y Fix	3Y Fix	4Y Fix	5Y Fix	Other Fix
6.92%	8.04%	8.59%	6.92%	6.86%	6.93%	6.54%
92	8	7	3	2	3	2
158	14	14	14	2	4	0
0	0	0	0	0	0	0
+0.25pp	+0.25pp	+0.25pp	+0.25pp	+0.27pp	+0.15pp	-

101 @ ≤80% LVR · median 7.49% · 5 below 5.75%

Savings

Savings · Personal122 moves · 81 products · 47 lenders changed

47 lenders raised 121 rates (median +0.25pp) · 1 rate cut (median −0.55pp)

▲ 121 increases (99.2%)

▼ 1 decreases (0.8%)

median move

+0.25pp / −0.55pp

Rate distribution 226 offers · from 81 lenders · median 4.25% · max 6.25%

<0.50%156.6%

0.50-1.00%62.7%

1.00-2.00%167.1%

2.00-3.00%2310.2%

3.00-4.00%4017.7%

≥4.00%12655.8%

Size of increase

≤0.10pp119.1%

0.11-0.25pp10486.0%

0.26-0.50pp43.3%

>0.50pp21.7%

Fixed 2 (2%)·Variable 107 (98%)

Savings · Business60 moves · 29 products · 20 lenders changed

20 lenders raised 60 rates (median +0.15pp)

▲ 60 increases (100.0%)

▼ 0 decreases (0.0%)

median move

+0.15pp / -

Rate distribution 41 offers · from 29 lenders · median 3.00% · max 5.65%

<0.50%12.4%

0.50-1.00%12.4%

1.00-2.00%1126.8%

2.00-3.00%717.1%

3.00-4.00%512.2%

≥4.00%1639.0%

Size of increase

≤0.10pp58.3%

0.11-0.25pp5490.0%

0.26-0.50pp11.7%

>0.50pp - 0 moves, hidden

Fixed 0 (0%)·Variable 56 (100%)

Term deposits

Term deposits · Personal940 moves · 262 products · 57 lenders changed

55 lenders raised 901 rates (median +0.20pp) · 39 rates cut (median −0.10pp)

▲ 901 increases (95.9%)

▼ 39 decreases (4.1%)

median move

+0.20pp / −0.10pp

Rate distribution 557 offers · from 83 lenders · median 4.70% · max 5.65%

<2.00%6010.8%

2.00-3.00%223.9%

3.00-3.75%7313.1%

3.75-4.25%6511.7%

4.25-4.75%6311.3%

≥4.75%27449.2%

Size of increase

≤0.10pp29132.3%

0.11-0.25pp48053.3%

0.26-0.50pp677.4%

>0.50pp637.0%

Fixed 922 (99%)·Variable 6 (1%)

Term deposits · Business164 moves · 37 products · 15 lenders changed

15 lenders raised 160 rates (median +0.10pp) · 4 rates cut (median −0.10pp)

▲ 160 increases (97.6%)

▼ 4 decreases (2.4%)

median move

+0.10pp / −0.10pp

Rate distribution 57 offers · from 28 lenders · median 5.15% · max 5.65%

2.00-3.00%23.5%

3.00-3.75%35.3%

3.75-4.25%23.5%

4.25-4.75%814.0%

≥4.75%4273.7%

<2.00% - 0 offers, hidden

Size of increase

≤0.10pp9358.1%

0.11-0.25pp5433.8%

0.26-0.50pp42.5%

>0.50pp95.6%

Fixed 148 (91%)·Variable 14 (9%)

Other lending

Personal loans (incl. car)80 moves · 71 products · 23 lenders changed

21 lenders raised 76 rates (median +0.25pp) · 4 rates cut (median −0.75pp)

▲ 76 increases (95.0%)

▼ 4 decreases (5.0%)

median move

+0.25pp / −0.75pp

Rate distribution 281 offers · from 70 lenders · median 8.24% · max 18.99%

<6.00%103.6%

6.00-8.00%11942.3%

8.00-10.00%7727.4%

10.00-13.00%4716.7%

13.00-16.00%217.5%

≥16.00%72.5%

Size of increase

≤0.10pp11.3%

0.11-0.25pp6484.2%

0.26-0.50pp67.9%

>0.50pp56.6%

Fixed 24 (31%)·Variable 54 (69%)

Credit cards27 moves · 20 products · 8 lenders changed

8 lenders raised 27 rates (median +1.00pp)

▲ 27 increases (100.0%)

▼ 0 decreases (0.0%)

median move

+1.00pp / -

Rate distribution 175 offers · from 58 lenders · median 15.95% · max 23.98%

<8.00%179.7%

8.00-13.00%4224.0%

13.00-18.00%3620.6%

18.00-22.00%4928.0%

22.00-25.00%3117.7%

≥25.00% - 0 offers, hidden

Size of increase

0.11-0.25pp1037.0%

0.26-0.50pp27.4%

>0.50pp1555.6%

≤0.10pp - 0 moves, hidden

Other banking - appendix

Business loans241 moves · 148 products · 36 lenders changed

34 lenders raised 233 rates (median +0.25pp) · 8 rates cut (median −0.42pp)

▲ 233 increases (96.7%)

▼ 8 decreases (3.3%)

median move

+0.25pp / −0.42pp

Rate distribution 215 offers · from 43 lenders · median 8.20% · max 18.75%

<6.00%83.7%

6.00-8.00%7936.7%

8.00-10.00%9544.2%

10.00-13.00%2511.6%

13.00-16.00%62.8%

≥16.00%20.9%

Size of increase

≤0.10pp62.6%

0.11-0.25pp19885.0%

0.26-0.50pp219.0%

>0.50pp83.4%

Fixed 69 (29%)·Variable 172 (71%)

Transaction accounts205 moves · 119 products · 50 lenders changed

50 lenders raised 205 rates (median +0.25pp)

▲ 205 increases (100.0%)

▼ 0 decreases (0.0%)

median move

+0.25pp / -

Rate distribution 316 offers · from 83 lenders · median 2.10% · max 5.75%

<0.10%7022.2%

0.10-0.50%237.3%

0.50-1.00%134.1%

1.00-2.00%3310.4%

2.00-3.00%6821.5%

≥3.00%10934.5%

Size of increase

≤0.10pp146.8%

0.11-0.25pp17585.4%

0.26-0.50pp73.4%

>0.50pp94.4%

Fixed 2 (1%)·Variable 196 (99%)

Overdrafts44 moves · 42 products · 23 lenders changed

22 lenders raised 43 rates (median +0.25pp) · 1 rate cut (median −0.30pp)

▲ 43 increases (97.7%)

▼ 1 decreases (2.3%)

median move

+0.25pp / −0.30pp

Rate distribution 78 offers · from 34 lenders · median 10.21% · max 19.00%

<7.00%22.6%

7.00-10.00%2937.2%

10.00-13.00%2228.2%

13.00-16.00%1620.5%

16.00-20.00%911.5%

≥20.00% - 0 offers, hidden

Size of increase

0.11-0.25pp43100.0%

≤0.10pp, 0.26-0.50pp, >0.50pp - 0 moves, hidden

Fixed 0 (0%)·Variable 43 (100%)

Other (FX · leases · margin loans)48 moves · 33 products · 14 lenders changed

14 lenders raised 48 rates (median +0.25pp)

▲ 48 increases (100.0%)

▼ 0 decreases (0.0%)

median move

+0.25pp / -

Rate distribution 70 offers · from 18 lenders · median 2.93% · max 13.75%

<2.00%3448.6%

2.00-5.00%912.9%

5.00-10.00%2434.3%

10.00-15.00%34.3%

15.00-20.00%, ≥20.00% - 0 offers, hidden

Size of increase

≤0.10pp510.4%

0.11-0.25pp3981.2%

0.26-0.50pp48.3%

>0.50pp - 0 moves, hidden

Fixed 9 (19%)·Variable 39 (81%)

Cite this pagewritten 2026-11-01

Open Market Intel, "Australian bank rate changes, October 2026", from lender product data published under the Consumer Data Right. https://openmarketintel.com/data/rates/2026-10

Download the tables (CSV)Download the figures (JSON)Open the live Market Pulse

Rates are as lenders published them under the Consumer Data Right. A rate change is a customer rate moving on a product the lender still publishes; margins, promotional tiers that start or end, and a change reversed within days are not counted. The tables on this page are free to reuse with attribution under Creative Commons Attribution 4.0.