Open Market Intel

Daily insights ·

Australian bank and non-bank rate moves, 1 October 2026

6 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 lifts the purchase rate on four credit cards 2.99pp to 23.98%

On Amplify Qantas Platinum, Amplify Qantas Signature, Amplify Rewards Platinum and Amplify Rewards Signature. Bank of Melbourne and St.George Bank, the same group, made the same move.

Credit cards · Biggest move · No. 1 of the day

ING BANK (Australia) Ltd takes the savings lead

ING BANK (Australia) Ltd now holds the best mainstream savings rate at 6.00%, moving ahead of Rabobank.

Savings accounts · Leader change · No. 2 of the day

CommBank cuts the monthly fee on Simple Home Loan (Investment)

CommBank changed the published monthly fee on Simple Home Loan (Investment) from $20 to $10.

Home loans · Fee change · No. 3 of the day

Beyond Bank Australia closes in on the sharpest term deposits rate

Beyond Bank Australia narrowed the gap to the market's best term deposits rate from 0.50pp to 0.25pp over the past week.

Term deposits · Gap closing · No. 4 of the day

P&N Bank lifts its 1-year fixed home loan rate 0.22pp to 6.49%

Fixed Home Loan (Principal & Interest) LVR <80, for owner-occupiers paying principal and interest, at up to 80% LVR. Its other home loan rates rose too, by 0.22pp to 0.25pp each. Its 2-year fixed home loan rate for investors paying interest only moved furthest, up 0.25pp to 6.64%. BCU Bank, the same group, made the same move.

Home loans · Biggest move · No. 5 of the day

Central Murray Bank lifts its variable home loan rate 0.25pp to 6.24%

Housing Loan (Code) - Owner Occupied - Variable Interest - Principal and Interest - Local Choice Loan - LVR < 60%, for owner-occupiers paying principal and interest, at up to 60% LVR, borrowing $150,000 or more. Its other home loan rates rose too, by 0.25pp each.

Home loans · Biggest move · No. 6 of the day

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