News
November 6, 2026

Understanding the RBA’s cash rate decision

Following the Reserve Bank of Australia’s recent cash rate decision on 3 November 2026, BNK Banking Corporation will update interest rates across selected lending products and Bank Guarantees.

Loans

From 6 November 2026, the following BNK loan products will increase by 0.25% p.a. for new lending:

  • Gold Basic Variable (No Offset)
  • Gold Standard Variable (100% Offset)
  • Prime Alt Doc Jumbo
  • Commercial Term Loan
  • Commercial Alt Doc Loan
  • Commercial Lease Doc Loan
  • Commercial SMSF

The following BNK loan products will increase by 0.35% p.a. for new lending:

  • Prime Alt Doc
  • Specialist Full Doc
  • Specialist Plus Full Doc
  • Specialist Alt Doc
  • Specialist Plus Alt Doc
  • Residential SMSF

Interest rates for existing customers will increase by 0.25% p.a. (25 basis points), effective from 13 November 2026. Where applicable, customers will also be advised of any changes to their repayment amount.

Deposits

Bank Guarantees – From 16 November 2026, rates on all new Bank Guarantees will increase by up to 0.25% p.a.

Rates on existing Bank Guarantees will increase by up to 0.25% p.a. from 25 November 2026.

Need help?

If you have questions about how these changes may affect you, please contact us on 1300 265 226 or visit https://www.bnk.com.au/about/contact/