Up cuts Up Essentials Saver by 3.35pp
Up moved Up Essentials Saver from 5.35% to 2.00%, the largest savings move of the day.
Daily insights ·
Australian bank and non-bank rate moves, 2 September 2026
7 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.
Bankwest takes the savings lead
Bankwest now holds the best mainstream savings rate at 11.50%, moving ahead of Rabobank.
Judo Bank cuts Business Term Deposits by 0.50pp
Judo Bank moved Business Term Deposits from 5.45% to 4.95%, the largest term deposits move of the day. Other term deposit rates at the bank moved the opposite way the same day. This is a repricing of the range, not an across-the-board move.
Southern Cross Credit Union cuts BROKER HOME LOAN by 0.41pp
Southern Cross Credit Union moved BROKER HOME LOAN from 7.09% to 6.68%, the largest home loans move of the day.
Bank First launches Strong Start Saver
Bank First added a new savings product, Strong Start Saver, to its published range. It is advertised at 5.40%.
The Mac lifts L38 NEW CAR LOAN FIXED SPECIAL by 0.20pp
The Mac moved L38 NEW CAR LOAN FIXED SPECIAL from 5.99% to 6.19%, the largest personal loans move of the day.
Darling Downs Bank lifts BILL RATE by 0.09pp
Darling Downs Bank moved BILL RATE from 8.16% to 8.25%, the largest business loans move of the day.
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