RateCity Rate Tracker

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Don’t sit around waiting for an email or a letter from your bank letting you know they’ve moved – our Rate Tracker page is updated as new rates are announced. No time to check the website? Stay up to date with the latest RBA news by signing up to RateCity’s Rate Tracker email alerts, so you can be the first to know if your bank has changed their mortgage rates.

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What if the cash rate changes?

Loan Details

Monthly repayments if the cash rate changes:

How an interest rate change might affect you?

Home Loan
Savings & Investment
Personal Loan
Credit Cards

If cash rate increases

If you have a variable rate, your lender will probably raise your home loan interest rate (although it is allowed to act independently of the Reserve Bank).
If you have a fixed rate, your home loan interest rate will remain unchanged for the rest of your fixed-rate term.

If the cash rate holds

If you have a variable rate, your lender will probably leave your home loan interest rate unchanged (although it is allowed to act independently of the Reserve Bank).
If you have a fixed rate, your home loan interest rate will remain unchanged for the rest of your fixed-rate term.

If the cash rate decreases

If you have a variable rate, your lender will probably lower your home loan interest rate (although it is allowed to act independently of the Reserve Bank).
If you have a fixed rate, your home loan interest rate will remain unchanged for the rest of your fixed-rate term.

Everything you need to know about the RBA cash rate

Eleven times a year, the Reserve Bank of Australia (RBA) meets to decide whether the cash rate should go up, down or remain the same – a decision which affects millions of Australians.

RateCity’s RBA Rate Tracker Page will help you find out when the RBA has changed rates and how it will affect you, including a comprehensive list of which lenders have moved their home loan interest rates following a change to the cash rate. You can also find out which lenders are offering the most competitive interest rates on the market, learn how to refinance your home loan and keep up-to-date of the latest RBA news.

So don’t sit around waiting for an email or a letter from your bank letting you know they’ve moved – our Rate Tracker page is updated as new rates are announced. The cash rate is the interest rate the Reserve Bank of Australia (RBA) charges banks and other lenders on overnight loans. The RBA cash rate affects the interest rate banks charge their customers, however, because banks get their funding from a variety of sources, it is not the sole determining factor.

The Reserve Bank decides what the national cash rate will be on the first Tuesday of every month, with the exception of January.

Once the RBA has announced the cash rate is moving, lenders will decide whether they intend to replicate this change. Some banks may make this decision immediately, while others can take a couple of days, even weeks to make an announcement. One of the easiest ways to keep track of what each lender is doing is by following RateCity on Facebook, Twitter or on this Rate Tracker page.

Laine Gordon

Head Of Public Relations

Laine Gordon is the Head of Public Relations at RateCity. With a background in journalism, Laine brings over a decade of experience in personal finance to the team. She is passionate about helping people get out of debt, save money, and make better decisions about their own finances.