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News
February 6, 2026

BNK updates interest rates on select products following RBA decision

BNK Banking Corporation will be updating interest rates on select deposit and cash-secured products in response to the Reserve Bank of Australia’s (RBA) recent cash rate decision.

These changes reflect movements in market interest rates and ensure our products continue to offer competitive value while supporting the sustainable management of our balance sheet.

Below is a summary of the upcoming changes.

Cash Management Accounts (CMA)

Following the RBA’s February rate change, BNK will increase Cash Management Account (CMA) interest rates by 0.20% p.a., bringing the standard rate to 4.00% p.a.

What’s changing:

For new and existing accounts, from 24 February 2026 the standard Cash Management Account interest rate will increase by 0.20% p.a. to 4.00% p.a.

This change means customers will earn more interest on their CMA balances, reflecting the higher interest rate environment.

Cash Secured Bank Guarantees

BNK is also updating interest rates on Cash Secured Bank Guarantees, with an increase of 0.25% p.a.

What’s changing:

  • New guarantees from 6 February 2026:
    • Bank guarantees under $50,000: 1.00% p.a.
    • Bank guarantees above $50,000: 2.05% p.a.
  • Existing guarantees from 24 February 2026:
    • Bank guarantees under $50,000: 1.00% p.a.
    • Bank guarantees above $50,000: 2.05% p.a.

These adjustments align guarantee rates with current funding and market conditions. Information and interest rates are accurate as at the date of publication and are subject to change.

Why are rates changing?

Interest rates across the banking sector are influenced by the RBA cash rate and broader market conditions. When the RBA changes the cash rate, banks review both deposit and lending-related pricing to ensure they remain competitive and sustainable.

BNK regularly reviews its pricing to balance competitive returns for customers with prudent risk and funding management.

What this means for you

  • CMA and Cash Secured Bank Guarantee customers will benefit from higher interest on their cash balances.
  • No action is required. Changes will be applied automatically from the effective dates.

If you have any questions, please contact the BNK Customer Support team