Understanding the RBA's cash rate decision

Following the RBA’s cash rate decision, Macquarie is increasing its variable home loan reference rates by 0.25% per annum. We’ve delayed the date this increase will become effective to 20 February 2026 to help you manage the impact of this change on your finances.

If you have a variable home loan, you’ll be notified about your new rate on or after the effective date. For more information about changes to your interest rate and repayments, read our article here.   

As a valued home loan customer, you can continue to enjoy the below benefits.  

• The flexibility to fix a portion of your loan.  You can split your home loan into fixed and variable portions to have the certainty of a fixed rate with the flexibility of a variable rate. 
• Great rates and no hidden fees or charges. Save on your home loan with access to great rates and no hidden fees or charges.   
• Up to 10 offset accounts. Every dollar in an offset account can help reduce the interest you pay each month on your linked account. With an offset account, you can enjoy all the benefits of our award-winning banking offering. You can also transfer money from your offset account, make payments and access a debit card for purchases, payments and fee free cash withdrawals from more than 23,000 ATMs across Australia. ^†

We are focused on supporting Australian households feeling the impact of cost-of living pressures. If you’re having trouble paying or if your circumstances have changed you can contact us via chat. More information, including how to contact our specialist team, is available here. Macquarie customers can submit a request for financial assistance 24/7, with specialist support available during business hours.

In line with the increase to our variable home loan reference rates, we will also be increasing the interest rates available across our Transaction, Savings, Business Savings and Cash Management accounts effective 20 February 2026. You can view our new rates below:
 

Transaction Account

Savings Account

Business Savings Account

Cash Management Account

Accelerator

There are a range of benefits to help you save money and maximise your security:   

• No hoops or catches. Our accounts have no minimum balance, no deposit requirements and no transaction conditions. There’s also no need to lock away your savings for a set period to receive the interest rate, providing customers confidence that they are earning higher interest regardless of their level of savings or account activity.  
• Fee free ATM withdrawals. We will refund any fees you may be charged when withdrawing cash from ATMs in Australia with your Macquarie debit card^{^.}
• Take control of budgeting and saving. All your purchases are automatically categorised into groups such as groceries, travel, leisure or technology, helping you create smart budgets to track and manage your spending. You can also save and categorise your receipts and warranties to make tax time easier. 
• Easily keep track of your spending. Get the added convenience of real time notifications, or set up customised notifications to receive alerts about your account activity, so you can easily track how much you spend. 
• Travel with peace of mind. Enjoy no foreign exchange fees when using a Macquarie debit card while travelling overseas or making purchases from international retailers online.^* You can keep track of how much you’re spending while making card purchases or transactions, with real time alerts showing the amount in local currency and Australian dollars.
• Supercharge your security. Macquarie Authenticator is your ultimate security companion. Connecting seamlessly with your Macquarie mobile banking app, it offers multi-factor authentication so you can review and authorise transactions and account changes before they happen and know exactly what you’re approving.  

More information about our savings and transactions accounts is available here.