RBA interest rate increase, November 2026
On 3 November 2026, the Reserve Bank of Australia announced an increase to the official cash rate from 4.60% to 4.85% - 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 17 November 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 are effective 1 December 2026.
For more information on the RBA's decision, visit the RBA's latest media releases here.