Interest rate update

We’re making changes to our lending interest rates effective 19 February 2026. Variable interest rates for home, residential-investment and commercial loans will increase by 25 basis points (0.25%p.a.) for existing borrowers.

Customers will be notified of their new loan repayments by letter.

This change follows the Reserve Bank of Australia’s decision to increase the cash rate at its meeting on February 3.

We’re proud to give Tasmanians the choice to bank with a Tasmanian-owned bank. As interest rates change, we attempt to support the needs of both borrowers and savers, while making sure Bank of us remains strong and sustainable for the long term.

We also know cost of living remains an issue for customers. If you’re finding it hard to manage your home loan repayments, get in touch with us early so we can help you get back on track.

We are also currently reviewing our savings account interest rates and will provide more information soon.

Getting in touch

Please call our team on 1300 306 716 or visit one of our retail stores.