Open Market Intel

Daily insights ·

Australian bank and non-bank rate moves, 2 October 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.

NAB lifts the purchase rate on five credit cards 1.50pp to 22.49%

On Low Fee Card, Qantas Rewards Premium Card, Qantas Rewards Signature Card, Rewards Platinum Card and Rewards Signature Card. Its other card rates rose too, by 0.50pp to 1.25pp each.

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

Virgin Money lifts the purchase rate on two credit cards 1.25pp to 21.99%

On Virgin Australia Velocity Flyer Credit Card and Virgin Australia Velocity High Flyer Credit Card. Its other card rates rose too, by 1.00pp to 2.00pp each. Its credit card purchase rate moved furthest, up 2.00pp to 21.99%.

Credit cards · Biggest move · No. 2 of the day

Maitland Mutual lifts its 1-year term deposit 0.25pp to 5.30%

On $1,000 to $499,999. Its other term deposit rates rose 0.10pp to 1.20pp and fell 1.15pp. Its 4-month term deposit, on $1,000 to $499,999, moved furthest, up 1.20pp to 5.40%.

Term deposits · Biggest move · No. 3 of the day

Bank of Queensland lifts the purchase rate on two credit cards 1.00pp to 21.99%

On BOQ Blue Visa Credit Card and BOQ Platinum Visa Credit Card.

Credit cards · Biggest move · No. 4 of the day

Westpac lifts its 3-year fixed business loan rate 0.30pp to 14.25%

Unsecured Business Loan. Its other business loan rates rose too, by 0.25pp to 0.45pp each. Its 1-year fixed business loan rate moved furthest, up 0.45pp to 14.15%.

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

Regional Australia Bank lifts its 4-year fixed home loan rate 0.27pp to 6.66%

For owner-occupiers paying principal and interest, at 60% to 80% LVR. Its other home loan rates rose too, by 0.09pp to 0.68pp each. Its 3-year fixed home loan rate for owner-occupiers paying principal and interest moved furthest, up 0.68pp to 7.65%.

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

Coles Credit Cards lifts the purchase rate on two credit cards 1.25pp to 21.99%

On Coles No Annual Fee Platinum Mastercard and Coles Rewards Platinum Mastercard.

Credit cards · Biggest move · No. 7 of the day

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