Compare Bank Interest Rates

Current bank interest rates, updated regularly – compare interest rates online with our comparison tables.

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Compare banking interest rates free and fast with Finder. On this page you can make quick comparisons of interest rates on mortgages, personal loans, credit cards, savings accounts and term deposits. The products in our comparison tables represent a broad snapshot of the market, with competitive products from banks and lenders big and small.

You can also learn more about how interest rates work below the tables.

Compare bank interest rates for a range of products

Compare home loan rates

$
years
Name Product Interest Rate (p.a.) Comp. Rate (p.a.) Fees Monthly Payment

UBank UHomeLoan Fixed P&IHome 1Y Fixed≥ 20% Deposit

UBank UHomeLoan Fixed
1.79%
2.18%
  • App: $0
  • Ongoing: $0 p.a.
$540
Fix your mortgage for 1 year with a very competitive rate and no ongoing fees.

HSBC Home Value Loan P&IHome≥ 30% Deposit

HSBC Home Value Loan
1.97%
1.98%
  • App: $0
  • Ongoing: $0 p.a.
$554
$3,288 refinance cashback offer
This competitive variable rate loan is available for borrowers with 30% deposits. Eligible refinancers borrowing $250,000 or more can get a $3,288 cashback. Terms and conditions apply.

loans.com.au Smart Booster Discount Variable Home Loan P&IHome≥ 20% Deposit

loans.com.au Smart Booster Discount Variable Home Loan
1.85%
2.21%
  • App: $0
  • Ongoing: $0 p.a.
$545
Get a low discounted variable rate loan. Requires a 20% deposit. Get your loan processed fast and settle within 30 days.

Macquarie Bank Basic Home Loan P&IHome≥ 40% Deposit

Macquarie Bank Basic Home Loan
2.14%
2.14%
  • App: $0
  • Ongoing: $0 p.a.
$567
Apply for the Macquarie Bank Basic Home Loan - LVR ≤ 60% (Owner Occupier, P&I) and get a low variable interest rate, plus no application and ongoing fees. Requires a 40% deposit.

Athena Variable Home Loan P&IHome≥ 40% Deposit

Athena Variable Home  Loan
1.89%
1.89%
  • App: $0
  • Ongoing: $0 p.a.
$548
Owner occupiers with 40% deposits or equity can get this competitive variable rate loan. No upfront or ongoing fees.

IMB Fixed Rate Home Loan P&IHome 2Y Fixed≥ 20% Deposit

IMB Fixed Rate Home Loan
2.27%
2.69%
  • App: $449
  • Ongoing: $6 per month
$577
A 2 years fixed with the competitive features.

Nano Variable Home Loans P&IHome≥ 25% Deposit Refi Only

Nano Variable Home Loans
1.99%
1.99%
  • App: $0
  • Ongoing: $0 p.a.
$555
Competitive rate with zero fees, fast approval and a 100% free offset account. Refinance only, 25% deposit required.

OneTwo Variable Rate Home Loan P&IHome≥ 20% Deposit Refi Only

OneTwo Variable Rate Home Loan
1.99%
1.89%
  • App: $0
  • Ongoing: $0 per month
$555
A low variable rate loan for owner-occupier refinancers living in metro NSW/VIC. Get rate discounts as you repay the loan.

Yard Variable Home Loan P&IHome≥ 20% Deposit

Yard Variable Home Loan
1.99%
2.02%
  • App: $0
  • Ongoing: $0 p.a.
$555
A very low variable rate loan for home buyers with an optional offset account ($120 annual fee). 20% deposit required.

86 400 Own Home Loan Fixed P&IHome 1Y Fixed≥ 20% Deposit

86 400 Own Home Loan Fixed
1.94%
2.55%
  • App: $250
  • Ongoing: $250 p.a.
$552
Fix to this very competitive rate for one year. This loan requires a 20% deposit.
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Compare credit card rates

Name Product Purchase rate Balance transfer rate Annual fee
Kogan Money Black Card - Exclusive Offer
20.99% p.a.
0% p.a. for 30 months
$0
0% Balance Transfer Offer & $50 Kogan.com Credit
Save with a $0 annual fee and a 0% introductory rate on balance transfers. Plus, earn $50 Kogan.com Credit and uncapped rewards points.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 36 months
$29 annual fee for the first year ($129 p.a. thereafter)
0% Balance Transfer Offer & $29 First-Year Annual Fee
Save money with a 0% balance transfer rate for 36 months (with no BT fee), a first-year annual fee discount and free travel insurance.
Citi Premier Qantas Card
21.49% p.a.
0% p.a. for 6 months
$175 annual fee for the first year ($350 p.a. thereafter)
100,000 Bonus Qantas Points & First-Year Annual Fee Discount
Get 100,000 bonus Qantas Points when you spend $4,000 in the first 90 days and a first-year annual fee discount.
St.George Vertigo Card
13.99% p.a.
0% p.a. for 32 months
$0 annual fee for the first year ($55 p.a. thereafter)
Long-Term 0% Balance Transfer Offer & $0 First-Year Annual Fee
Get a 0% interest rate on balance transfers for 32 months (with no balance transfer fee) and a $0 annual fee for the first year.
Qantas American Express Ultimate Card
20.74% p.a.
$450
100,000 bonus Qantas Points
Receive 100,000 bonus Qantas Points when you spend $3,000 in the first 3 months. Plus, a yearly $450 Travel Credit.
Citi Clear Card - Balance Transfer Offer
14.99% p.a.
0% p.a. for 36 months
$99
Long-Term 0% Balance Transfer Offer
Offers 0% p.a. on balance transfers for 36 months with no balance transfer fee. Plus, complimentary insurance covers.
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Compare personal loan rates

Name Product Interest Rate (p.a.) Comparison Rate (p.a.) Min Loan Amount Loan Term Application Fee Monthly Service Fee
Harmoney Unsecured Personal Loan

From 5.35% (fixed)
6.14%
$2,000
3 to 5 years
$575 ($275 for loans of below $5,000)
$0
You'll receive a fixed rate between 5.35% p.a. and 19.09% p.a. based on your risk profile.
Apply for a loan up to $70,000 and repay your loan over 3 or 5 years terms.
Symple Loans Personal Loan

From 5.75% (variable)
6.47%
$5,000
1 to 7 years
from 0% to 5% of the loan amount
$10

You'll receive a variable rate from 5.75% p.a. to 25.99% p.a.

Borrow up to $50,000 and earn 1 Qantas Point for every $1 borrowed.

⭐Special Offer: Earn up to 50,000 Qantas Points with a personal loan from Symple.
NAB Personal Loan Unsecured Fixed

From 6.99% (fixed)
7.91%
$5,000
1 to 7 years
$150
$10
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. (7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
Borrow from $5,000 to $55,000, with 1 to 7 year loan terms available. This loan comes with no fees for extra repayments and no early exit fees.
NOW Finance No Fee Unsecured Personal Loan

From 5.95% (fixed)
5.95%
$5,000
18 months to 7 years
No Establishment Fee
$0
You'll receive a fixed rate between 5.95% p.a. and 17.95% p.a. based on your risk profile
Borrow from $5,000 to $7,999 with loan terms between 18 months and 3 years or borrow $8,000 to $50,000 with loan terms between 18 months and 7 years.
OurMoneyMarket Personal Loan

From 5.45% (fixed)
6.07%
$2,001
1 to 7 years
From $250
$0
You'll receive a fixed rate from 5.45% p.a. to 20.99% p.a. based on your risk profile.
A personalised loan from $2,001 to $75,000 that varies based on your credit history and financial situation.

⭐ Finder Exclusive: Apply before 31 January 2022 to secure a discounted rate of 5.45% p.a. (comparison rate: 6.07% p.a.) for the first 12 months on loans over $35,000. T&Cs apply.
Latitude Personal Loan (Unsecured)

From 7.99% (fixed)
9.31%
$3,000
1 to 7 years
$299 (Loans under $5000 - $140)
$13
You'll receive a fixed rate between 7.99% p.a. and 25.99% p.a. based on your risk profile
Apply for what you need from $3,000 and use it for a range of purposes. Repay weekly, fortnightly or monthly. You can check your interest rate before applying with no impact to your credit score.
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Compare savings account rates

Name Product Maximum Variable Rate p.a. Standard Variable Rate p.a. Intro Period Government Guarantee
AMP Saver Account - 1.35% from 1 Feb 2022
1.35%
0.1%
Ongoing
Westpac Life (18-29 year olds only)
2.5%
0.15%
Ongoing
Virgin Money Boost Saver (25+ year olds)
1.2%
0.1%
Ongoing
MyState Bank Bonus Saver Account
1.1%
0.05%
Ongoing
Virgin Money Boost Saver (18-24 year olds)
1.2%
0.1%
Ongoing
Virgin Money Grow Saver
0.65%
0.1%
Ongoing
Westpac Life
0.25%
0.15%
Ongoing
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Compare term deposit rates

Name Product 3 Mths p.a. 4 Mths p.a. 5 Mths p.a. 6 Mths p.a. 7 Mths p.a. 12 Mths p.a. 24 Mths p.a.
Citibank Term Deposit $10,000
0.40%
-
-
0.40%
-
0.40%
-
Suited to customers with deposits between $10,000 and $249,999.
This term deposit is for new Citibank customers only
MyState Bank Online Term Deposit
0.30%
0.30%
0.25%
0.70%
0.35%
0.80%
1.20%
Single or joint account-holders can apply online with MyState's online application process.
Pay no account setup or ongoing fees and choose a term length between 3 months and 2 years, with interest paid at maturity.
Rabobank Term Deposit
0.45%
-
-
0.75%
-
0.75%
0.50%
Suited to customers with deposits between $1,000 and $2,000,000.
With a Rabobank Term Deposit you will receive a competitive rate on your deposits and the choice of a 1, 3, 6, 9 or 12 month term.
Judo Bank Term Deposit
0.88%
-
-
0.97%
-
1.12%
1.20%
Earn a 0.10% p.a. loyalty bonus when you roll over your term.
The Judo Bank Term Deposit term lengths range from three months to five years. Minimum opening deposit is $1,000. No account-keeping or set-up fees to pay.
ME Term Deposit
0.35%
0.35%
0.40%
0.50%
0.50%
0.60%
1.10%
You can link the ME Term Deposit with the transaction account of your choice, at any other Australian financial institution.
Choose whether to have interest paid annually, monthly or at maturity.
Bank of Queensland Term Deposit ($5,000 - $249,999)
0.20%
0.15%
0.15%
0.35%
0.20%
0.50%
1.00%
ING Term Deposit
0.05%
0.05%
-
0.07%
0.10%
0.22%
0.25%
Pay no fees for your term deposit, and choose a term length from three months to two years.
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*The offers on this page are chosen from a range of products available to us and are not representative of all the products available in the market. The use of the terms "best" and "top" are not product ratings and are subject to our disclaimer. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

How do I compare interest rates?

An interest rate is simply the amount of money that is charged on top of money that is borrowed (or saved). The higher the interest rate, the higher the interest that is charged (or earned). If you're borrowing money in the form of a mortgage, personal loan or credit card then a lower interest rate is good: it means you pay less interest. But if you're saving money in a bank account or term deposit than a lower rate is bad: your money generates less interest.

An interest rate is expressed as a percentage, which is calculated annually. An interest rate of 2.99% means you will be charged $2.99 per $100 you borrow, per year. For a mortgage with an interest rate of $100,000, you would be charged $2,990 per year in interest. Of course, your monthly repayments will also include an amount towards the loan principal.

How do interest rates impact me?

Interest rates determine how much your repayments are for whatever debt you’ve incurred. For example, if your home loan interest rate goes down, your regular repayments will drop as well. And if your lender doesn’t have as low an interest rate as you’d like, you can refinance to save money on those regular repayments.

To calculate the impact of different types of loans on your monthly repayments, you may to use our range of calculators.

How the RBA cash rate affects interest rates

The Reserve Bank of Australia sets the official cash rate. This affects a lot of interest rates, especially on savings accounts and mortgages. You can check out this page to see where economists and financial experts think the cash rate is heading. We poll the nation’s top economists each month on where they think the RBA cash rate is heading next and also take their temperature on our economy and housing market.

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