Which lenders have passed on the rate hike?

Last updated at May 7, 2026.

The Reserve Bank has lifted the cash rate for the third consecutive meeting, taking the official cash rate to 4.35%.

So, the question begs: which lenders are passing on the rate hike in full? Here’s what we know so far.

Which lenders have passed on the rate hike?

Lender	Increase	Effective Date
NAB	+0.25%	15 May 2026
Westpac	+0.25%	15 May 2026
Commonwealth Bank	+0.25%	15 May 2026
ANZ	+0.25%	15 May 2026
Bank of Melbourne	+0.25%	15 May 2026
St George	+0.25%	15 May 2026
AMP Bank	+0.25%	14 May 2026
Macquarie Bank	+0.25%	22 May 2026
ING	+0.25%	15 May 2026
HSBC		Pending
Bankwest	+0.25%	15 May 2026
Suncorp Bank		Pending
Bendigo Bank		Pending
UBank		Pending
ME Bank		Pending
Pepper Money		Pending
Auswide Bank		Pending
Bank Australia	+0.25%	20 May 2026
Newcastle Permanent		Pending
Qudos Bank	+0.25%	20 May 2026
Australian Military Bank		Pending
Greater Bank		Pending