RBA interest rate increase, February 2026
On 3 February 2026, the Reserve Bank of Australia announced an increase to the official cash rate from 3.60% to 3.85% - an increase of 0.25%.
BankVic’s variable rate home loan accounts will be adjusted by the same rate of 0.25%, with the changes effective from 17 February 2026. The first repayments at this interest rate will take effect from 10 March 2026.
We will be contacting all home loan members to let them know their new loan details and repayments.
Change to savings account interest rates
We are also increasing interest rates on savings accounts, which will be effective 1 March 2026.
For more information on the RBA decision, view the full statement by RBA Governor Michele Bullock.
