Open Market Intel

Daily insights ·

Australian bank and non-bank rate moves, 21 August 2026

3 insights from the product data Australian lenders published under the Consumer Data Right that day, ranked by the size of the move, weighted toward the biggest lenders and the breadth of the reprice. The same wording appears on the home page the morning it is written.

BankSA cuts Term Deposit rate to 3.45%

BankSA moved Term Deposit from 4.95% to 3.45%, a 1.5 percentage point reduction. This was the largest term deposit move recorded that day.

Term deposits · Biggest move · No. 1 of the day

QBANK breaks ranks on term deposits

While 10 lenders cut term deposits rates, QBANK lifted Term Deposit 12 Month from 5.10% to 5.20%.

Term deposits · Against the flow · No. 2 of the day

Credit Union SA raises Variable Home Loan Package Principal and Interest to 7.24%

Credit Union SA moved Variable Home Loan Package Principal and Interest from 6.54% to 7.24%. Other home loan rates at the bank moved in the opposite direction the same day, indicating a repricing of the range rather than an across-the-board adjustment.

Home loans · Biggest move · No. 3 of the day

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