Internet Banking Access Notice

Due to recent updates to browsers such as Microsoft Edge and Google Chrome, some customers may experience issues accessing Internet Banking via laptops or desktops (e.g. screen freezing, greyed-out pages, or unresponsive functions).

As a temporary workaround, we recommend accessing Internet Banking via your mobile browser or the GMY App. We apologise for any inconvenience caused and are working urgently to resolve this issue.

News
May 7, 2026

Understanding the RBA’s cash rate decision

Understanding the RBA’s cash rate 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.

Below is a summary of the upcoming changes.

Home Loans and Commercial Loans

Following the RBA’s cash rate decision, BNK will increase its variable interest rates by 0.25% p.a. across applicable home loan and commercial loan products. The effective date of this increase is the 20th May 2026.

Customers with affected variable loans will be notified of their new interest rate and, where applicable, revised payment amount on or after the effective date of the change.

Cash Management Accounts

Following the RBA’s decision on 5 May 2026, BNK will increase Cash Management Account interest rates by 0.25%p.a.

What’s Changing

  • New accounts From 20 May 2026, the standard interest rate for newly opened CMAs will increase by 0.25% p.a. to 4.50% p.a.*
  • Existing accounts From 2 June 2026, the standard interest rate on existing CMAs will also increase by 0.25% p.a. to 4.50% 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 0.20% p.a.

What’s changing:

  • New guarantees from 20 May 2026:
    1. Bank guarantees under $50,000: 1.45% p.a.
    1. Bank guarantees above $50,000: 2.50% p.a.
  • Existing guarantees from 2 June 2026:
    1. Bank guarantees under $50,000: 1.45% p.a.
    1. Bank guarantees above $50,000: 2.50% p.a.

 

* Please note that certain CMA accounts are subject to separate contractual agreements. As a result, the rates applied to these accounts may vary from, and be adjusted differently to, the standard CMA rates outlined in this communication.