Most of the cuts will likely apply to the standard variable rate, making it all the more important to meet the bonus interest criteria - an advent that irks the ACCC, given it found upwards of 70% of savers don't meet their monthly bonus criteria. 

Read what happened to savings accounts after the RBA's decision in February.

Page last updated 2.30pm AEST, 20 May 2025.

Commonwealth Bank Savings Account Rate Cuts

Westpac Savings Account Rate Cuts

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St George, BankSA, and Bank of Melbourne

NAB Savings Account Rate Cuts

ANZ Savings Account Rate Cuts

ANZ Plus Savings Account Rate Cut

AMP Savings Account Rate Cuts

Bank of Queensland (BOQ) Savings Account Rate Cuts

ME Bank Savings Account Rate Cuts

Virgin Money Savings Account Rate Cuts

ING Savings Account Rate Cuts

Rabobank Savings Account Rate Cuts 

 

Up Bank Savings Account Rate Cuts

Great Southern Bank Savings Account Rate Cuts

Macquarie Bank Savings Account Rate Cuts

UBank Savings Account Rate Cuts

Photo by Michelle Henderson on Unsplash

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Harrison Astbury
Harrison Astbury
Editor and Financial Analyst

Harrison is a Research Analyst and Editor at InfoChoice. He is also the Assistant Editor at sister comparison site Savings.com.au. Together with Dominic Beattie, he co-hosts the Savings Tip Jar podcast, interviewing guests from some of the most prominent financial institutions in Australia.

Prior to joining the InfoChoice Group in January 2020, he worked for some of Australia's largest comparison sites and media organisations. With a keen interest in the economy, housing policy, and personal finance, Harrison strives to deliver and edit news and guides that are engaging, thought-provoking, and simple to read.

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