17 March 2026
On 17 March 2026, the Reserve Bank of Australia (RBA) announced its decision to increase the official cash rate.
What is the RBA interest rate decision?
Home Loans
If you’re a Macquarie home loan customer, please see below for more information to understand what this change means for you.
What does the RBA’s latest rate change mean if I’m a home loan customer?
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 effective date of this increase to 2 April 2026 to help you manage the impact of this change on your finances.
When will I know what my new rate and repayment amount will be?
If you have a variable home loan, you’ll be notified about your new rate and repayment amount on or after the effective date of the rate change. For more information about changes to your interest rate and repayments, read our article here.
What are some of the benefits of my home loan?
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. †
How can I get support for my home loan?
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 may be eligible for financial assistance. You can contact us via chat or apply for financial assistance 24/7, and in some cases be approved immediately, through our Macquarie Mobile Banking app or Macquarie Online Banking. More information on how to apply for financial assistance is available here. If you require specialist support, you will be transferred to chat with our staff during business hours.
Everyday Banking
If you’re an everyday banking customer, please see below for more information to understand what this change means for you.
What does the RBA’s latest rate rise mean if I’m an everyday banking customer?
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 2 April 2026. You can view our new rates below:
Transaction Account
| Variable rate | Balance |
| 2.50% p.a | Up to $250,000 |
| 2.50% p.a | $250,000.01 - $2,000,000 |
| 2.50% p.a | $2,000,000.01 and above |
Savings Account
| Variable welcome rate | Balance |
| 5.10% p.a | Up to $250,000 |
| Variable ongoing rate | Balance |
| 4.75% p.a | Up to $250,000 |
| 4.75% p.a | $250,000.01 - $2,000,000 |
| 2.50% p.a | $2,000,000.01 and above |
Business Savings Account
| Variable rate | Balance |
| 4.40% p.a | Up to $250,000 |
| 4.40% p.a | $250,000.01 - $2,000,000 |
| 3.90% p.a | $2,000,000.01 and above |
Cash Management Account
| Variable rate | Balance |
| 2.50% p.a | All |
Cash Management Accelerator Account:
| Variable rate | Balance |
| 4.40% p.a | $0 - $1,999,999.99 |
| 3.90% p.a | $2,000,000 - $9,999,999.99 |
| 2.75% p.a | $10,000,000+ |
What are some of the benefits available when using my transaction or savings account?
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.
Related articles
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Understanding recent home loan repayment and interest rate changes -
Understanding your home loan interest -
Reducing your home loan interest
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Additional Information
Open and link up to 10 offset accounts per variable rate loan account for a single or joint borrowers (up to 4 offset accounts per variable rate loan account can be requested at application stage). Company and trust borrowers can open up to 4 offset accounts which must be opened at application. Offset Home Loan Facility cannot be fully fixed and offset accounts cannot be linked to fixed rate loan accounts. For an Offset Home Loan Facility, the variable rate loan account must have a minimum limit of $20,000.
We will refund fees charged to you by domestic ATM operators in connection with domestic ATM transactions, but you’ll need to pay any other fee that you’re charged by any international ATM operator.
We don’t charge fees for card purchases or transactions made or processed outside Australia but others, such as the banks of international merchants, might.
Some features may not be available for home loans with a BSB starting 183 and for company and trust borrowers.