RBA Rate Increase August 2022: Mortgage Rates Update

The Reserve Bank of Australia (RBA) has increased the cash rate by 50 basis points in August taking the official cash rate to a new high of 1.85%

But don't sit around waiting for your bank to send you an email or a letter informing you if they’ve passed on the rate increase. Your Mortgage will provide regular updates on which lenders are passing on the rate increase to variable rate home loans, as they are announced.

Which lenders have passed on the August RBA rate rise?

All interest rate increases listed below are for variable rates only and refer to lenders' responses to the RBA rate rise on August 2 2022.

This page was last updated on 12 August 2022. P&I = Principal and Interest, IO = Interest Only, OO = Owner-occupier.

Big 4

ANZ
Commonwealth Bank
NAB
Westpac

Banks

Adelaide Bank interest rate rise
AMP interest rate rise
ANZ interest rate rise
Arab Bank Australia interest rate rise (pending)
Australian Military Bank interest rate rise (pending)
Australian Unity interest rate rise
Auswide Bank interest rate rise
Bank Australia interest rate rise (pending)
Bank of Melbourne interest rate rise
Bank of Queensland (BOQ) interest rate rise
Bank of us interest rate rise
BankFirst interest rate rise (pending)
BankSA interest rate rise
Bankstown City Unity Bank interest rate rise (pending)
BankVic interest rate rise
Bankwest interest rate rise
BCU interest rate rise
Bendigo Bank interest rate rise
Beyond Bank interest rate rise (pending)
Citi interest rate rise (pending)
Commonwealth Bank interest rate rise
Community First Credit Union interest rate rise (pending)
Credit Union SA interest rate rise (pending)
Defence Bank interest rate rise
Delphi Bank interest rate rise (pending)
Easy Street Financial Services interest rate rise (pending)
Endeavour Mutual Bank interest rate rise (pending)
G&C Mutual Bank interest rate rise
Gateway Bank interest rate rise (pending)
Geelong Bank interest rate rise (pending)
Greater Bank interest rate rise
Great Southern Bank interest rate rise (pending)
Heritage Bank interest rate rise
Horizon Bank interest rate rise (pending)
HSBC interest rate rise (pending)
Hume Bank interest rate rise (pending)
Hunter United interest rate rise (pending)
Illawarra Credit Union interest rate rise (pending)
IMB Bank interest rate rise
ING interest rate rise
Macquarie Bank interest rate rise
Macquarie Credit Union interest rate rise (pending)
ME Bank interest rate rise
MOVE Bank interest rate rise (pending)
MyState Bank interest rate rise
NAB interest rate rise
Newcastle Permanent interest rate rise
P&N Bank interest rate rise
People's Choice CU interest rate rise (pending)
Police Credit Union interest rate rise (pending)
QBank interest rate rise
Qudos Bank interest rate rise
RACQ interest rate rise
Regional Australia Bank interest rate rise (pending)
Service One Alliance Bank interest rate rise (pending)
Southern Cross Credit Union interest rate rise (pending)
St George interest rate rise
Summerland Credit Union interest rate rise (pending)
Suncorp interest rate rise
Sydney Mutual Bank interest rate rise (pending)
Teachers Mutual Bank interest rate rise (pending)
The Capricornian interest rate rise (pending)
The Mutual Bank interest rate rise (pending)
UBank interest rate rise (pending)
UniBank interest rate rise (pending)
Westpac interest rate rise

Non-bank lenders

Athena interest rate rise
Aussie interest rate rise
Freedom Lend interest rate rise (pending)
Firstmac interest rate rise
Homestar Finance interest rate rise
La Trobe Financial interest rate rise (pending)
Liberty Financial interest rate rise (pending)
loans.com.au interest rate rise
Mortgage House interest rate rise (pending)
Nano Digital Home Loans interest rate rise
Pepper Money interest rate rise (pending)
RAMS interest rate rise
Reduce Home Loans interest rate rise (pending)
Resimac interest rate rise (pending)
State Custodians interest rate rise (pending)
TicToc interest rate rise (pending)
Virgin Money interest rate rise