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  1. Home
  2. RBA Cash Rate

RBA Cash Rate

Next RBA meeting: 7th November 2023

Stay up to date with the RBA cash rate and how it's impacting current interest rates across Home Loans, Savings Accounts and Term Deposits to make sure you are getting a competitve deal.

Cash rate held at
rate movement
4.10%
On Tuesday 3rd October 2023
How cash rate changes may impact me

Despite September's cash rate hold, there’s no guarantee we’re done with rate hikes just yet, with at least one of the big four banks forecasting one more potential rate rise this year.

RateCity research director Sally Tindall said: "The average borrower has seen a 49 per cent increase to their monthly repayments - but they don't have to cop it on the chin. Don't wait. Do your research and act now, because the sooner you refinance, the more money you're likely to save."

Stay tuned for the lender interest rates news as it happens - and 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 its mortgage rates.

RateCity Rate Tracker

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Disclaimer

Banks and lenders are currently working out how much of the rate change to pass on. Stay tuned for the lender interest rates news as it happens

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. Notify me when rates change.

Savings Account Rate Changes

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Disclaimer

Banks and lenders are currently working out how much of the rate change to pass on. Stay tuned for the lender interest rates news as it happens

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Interest rate change calculator

If cash rate increases
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 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 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.

Calculator Assumptions and Disclaimers

  • Calculations assume that details entered into calculator, including interest rates, do not change for the lifetime of the loan.
  • Interest is calculated by compounding on the same frequency as the repayment selected, i.e. weekly, fortnightly or monthly.
  • Months are assumed to be of equal length. However given some months are longer than others interest charged may vary depending upon the month.
  • One year is assumed to contain exactly 52 weeks or 26 fortnights. Thus each year has 364 days.
  • All calculations are estimates only; they are not guarantees, pre-qualifications or pre-approvals for borrowing. All results are based solely upon the data entered into the calculator.
  • Calculator does not include the cost of fees or other extra charges.
  • This calculator is for information purposes only. Any advice is general and has not taken into account your personal circumstances.Read our full disclaimer.

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