RBA interest rate increase, May 2026
On 5 May 2026, the Reserve Bank of Australia announced an increase to the official cash rate from 4.10% to 4.35% - an increase of 0.25%.
BankVic’s variable rate home loan accounts will be adjusted by the same rate of 0.25%, with the changes effective from 19 May 2026.
We will be writing to all our home loan members soon to let them know their new loan details and repayments.
Change to savings account interest rates
We are also increasing interest rates on savings accounts, which will be effective 1 June 2026.
For more information on the RBA decision, view the full statement by RBA Governor Michele Bullock.
