Australian Military Bank Interest Rate Announcement
Following the Reserve Bank of Australia’s decision on 5 May 2026 to increase the official cash rate, we will be increasing existing variable rate home loans by 0.25% p.a. effective 21 May 2026. Affected members will receive a communication shortly confirming their new repayment amounts which will be applicable from 18 June 2026.
In line with the cash rate increase, we also continue to reward our members with competitive deposit offerings. We currently offer competitive term deposit rates, with members able to earn up to 5.40%* on 7 and 12 month terms. In addition, rates on selected savings accounts will be reviewed in the coming weeks.
We understand that interest rate increases can be challenging. Members experiencing financial difficulty are encouraged to contact us on 1300 13 23 28 to discuss how we can assist.
* Interest rates are subject to change.