Key takeaways
- The Reserve Bank hiked the cash rate to 3.85% on 3 February 2026.
- So far more than 60 lenders have announced a rate hike, including all of the Big Four banks.
- We're tracking every lender announcement right here.
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Which lenders have announced a rate increase?
Search for your lender in the table below. We will update this table as lenders announce rate hikes.
| Lender | Increase details | Effective date | More info |
|---|---|---|---|
| ANZ | 25 basis points | Fri 13 Feb 2026 | |
| CommBank | 25 basis points | Fri 13 Feb 2026 | |
| NAB | 25 basis points | Fri 13 Feb 2026 | |
| Westpac | 25 basis points | Tue 17 Feb 2026 | |
| AMP | 25 basis points | Mon 09 Feb 2026 | |
| Arab Bank Australia | 25 basis points | Tue 17 Feb 2026 | |
| Athena | 25 basis points | Tue 10 Feb 2026 | |
| Aussie | 25 basis points | Fri 13 Feb 2026 | |
| Australian Military Bank | 25 basis points | Fri 20 Feb 2026 | |
| Australian Mutual Bank | TBC | ||
| AusWide Bank | 25 basis points | Thu 12 Feb 2026 | |
| Bank Australia | 25 basis points | Thu 19 Feb 2026 | |
| Bank First | 25 basis points | Fri 20 Feb 2026 | |
| Bank of China | TBC | ||
| Bank of Melbourne | 25 basis points | Tue 17 Feb 2026 | |
| Bank of Sydney | 25 basis points | Tue 17 Feb 2026 | |
| Bank of us | 25 basis points | Thu 19 Feb 2026 | |
| Bank Orange | TBC | ||
| BankSA | 25 basis points | Tue 17 Feb 2026 | |
| BankVic | 25 basis points | Tue 17 Feb 2026 | |
| BankWAW | TBC | ||
| Bankwest | 25 basis points | Fri 13 Feb 2026 | |
| BCU Bank | 25 basis points | Wed 18 Feb 2026 | |
| Bendigo Bank | 25 basis points | Wed 11 Feb 2026 | |
| Beyond Bank | 25 basis points | Tue 17 Feb 2026 | |
| Bluestone | TBC | ||
| BOQ | 25 basis points | Fri 06 Feb 2026 | |
| Border Bank | TBC | ||
| Broken Hill Bank | TBC | ||
| Cairns Bank | TBC | ||
| Central Murray Bank | TBC | ||
| Central West Credit Union | TBC | ||
| Coastline Bank | TBC | ||
| Community First Bank | TBC | ||
| Credit Union SA | TBC | ||
| Defence Bank | TBC | ||
| Dnister | TBC | ||
| Easy Street | TBC | ||
| Family First Credit Union | TBC | ||
| Fire Service Credit Union | TBC | ||
| Firefighters Mutual Bank | 25 basis points | Tue 17 Feb 2026 | |
| First Option Bank | TBC | ||
| Firstmac | TBC | ||
| Freedom Lend | TBC | ||
| G&C Mutual Bank | 36 basis points | Wed 18 Mar 2026 | |
| Gateway Bank | TBC | ||
| Geelong Bank | 25 basis points | Fri 27 Feb 2026 | |
| Goulburn Murray Credit Union | TBC | ||
| Great Southern Bank | 25 basis points | Fri 13 Feb 2026 | |
| Greater Bank | 25 basis points | Fri 13 Feb 2026 | |
| Heritage Bank | 25 basis points | Tue 17 Feb 2026 | |
| Homeloans | 25 basis points | Fri 13 Feb 2026 | |
| HomeStar Finance | 25 basis points | Mon 09 Feb 2026 | |
| Horizon Bank | TBC | ||
| HSBC | 25 basis points | Mon 16 Feb 2026 | |
| Hume Bank | TBC | ||
| Illawarra Credit Union | TBC | ||
| IMB | 25 basis points | Tue 17 Feb 2026 | |
| ING | 25 basis points | Tue 10 Feb 2026 | |
| La Trobe | TBC | ||
| Laboratories Credit Union | 25 basis points | Sun 01 Mar 2026 | |
| Liberty Financial | 25 basis points | Fri 13 Feb 2026 | |
| loans.com.au | TBC | ||
| Macquarie Bank | 25 basis points | Fri 20 Feb 2026 | |
| ME | 25 basis points | Sat 07 Feb 2026 | |
| Mortgage House | TBC | ||
| MOVE Bank | TBC | ||
| MyState Bank | 25 basis points | Thu 12 Feb 2026 | |
| Newcastle Permanent | 25 basis points | Fri 13 Feb 2026 | |
| NICU | 25 basis points | TBC | |
| NRMA Insurance Home Loan | 25 basis points | Fri 13 Feb 2026 | |
| P&N Bank | 25 basis points | Wed 18 Feb 2026 | |
| Pacific Mortgage Group | TBC | ||
| People's Choice Credit Union | 25 basis points | Fri 13 Feb 2026 | |
| Pepper Money | 25 basis points | Fri 13 Feb 2026 | |
| Police Bank | TBC | ||
| Police Credit Union | TBC | ||
| Qantas Money | TBC | ||
| QBank | 25 basis points | Wed 18 Feb 2026 | |
| Qudos Bank | 25 basis points | Thu 19 Feb 2026 | |
| Queensland Country Bank | TBC | ||
| RACQ Bank | 25 basis points | Tue 17 Feb 2026 | |
| Reduce | TBC | ||
| Regional Australia Bank | 25 basis points | Tue 17 Feb 2026 | |
| resi | TBC | ||
| RESIMAC Financial Services | 25 basis points | Fri 13 Feb 2026 | |
| South West Slopes Bank | TBC | ||
| Southern Cross Credit Union | 25 basis points | Mon 02 Mar 2026 | |
| St.George | 25 basis points | Tue 17 Feb 2026 | |
| Sucasa | 25 basis points | Mon 09 Feb 2026 | |
| Summerland Bank | 25 basis points | Fri 13 Feb 2026 | |
| Suncorp | 25 basis points | Fri 13 Feb 2026 | |
| Teachers Mutual Bank | 25 basis points | Tue 17 Feb 2026 | |
| The Capricornian | TBC | ||
| The Mac | TBC | ||
| The Mutual Bank | 25 basis points | Mon 23 Feb 2026 | |
| Tiimely Home | 25 basis points | Fri 13 Feb 2026 | |
| Transport Mutual Credit Union | TBC | ||
| Ubank | 25 basis points | Thu 12 Feb 2026 | |
| UniBank | 25 basis points | Tue 17 Feb 2026 | |
| Unity Bank | 36 basis points | Wed 18 Mar 2026 | |
| Unloan | 25 basis points | Fri 13 Feb 2026 | |
| Up Home Loan | 25 basis points | Wed 11 Feb 2026 | |
| Virgin Money | 25 basis points | Sat 07 Feb 2026 | |
| Well Money | TBC | ||
| Yard | TBC | ||
| Yellow Brick Road | TBC |
Why did the RBA increase the cash rate at its February 2026 meeting?
One of the Reserve Bank's priorities is to keep inflation at a reasonable level. That's a target band of 2-3%. Lately, inflation has been consistently running above 3%.
The Reserve Bank responded to the persistent inflation by lifting the official cash rate target. This is a benchmark interest rate that affects banks' short term borrowing costs.
Banks typically pass any cash rate increases on to consumers in the form of higher variable home loan rates.
Higher rates makes borrowing more expensive. This constrains borrowing activity and forces borrowers to pay more money in interest. This, in theory, drives down spending in other areas and reduces inflation.
My home loan rate went up, what should I do?
No one wants to spend more money on home loan repayments each month, but that's what a cash rate increase means.
If your lender has just announced a rate increase, here's what you can do:
- Figure out what this rate rise will cost. Use a calculator to work out how much your monthly repayments will increase. This helps you budget for higher costs.
- Compare home loan rates. Use the table here. While every lender will be increasing rates, there may still be better deals on the market, so it's worth comparing.
- Decide if it's time to switch. If you find a better deal elsewhere, it might be time to refinance. A lower rate can save you a lot of money.
Sources
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