P&N Bank has announced interest rate changes following the Reserve Bank of Australia’s (RBA) decision to increase the official cash rate by 0.25% p.a. to 4.35% on 5 May 2026.
As a customer-owned bank our customers are our priority, so we strive to achieve the right balance between the needs of borrowers and depositors when reviewing interest rates.
Home loan customers
P&N Bank will increase all our variable home loan interest rates by 0.25% p.a., effective 19 May 2026. Customers will receive communications with details relating to their specific loans in the coming weeks.
Deposits customers
P&N Bank will increase the interest rates between 0.15%-0.45% p.a. on selected variable rate deposit products effective 1 June 2026. Key rate increases include:
- Increase of 0.45% p.a. to the bonus interest rate of Hi Saver Account.
- Increase of 0.15% p.a. to the bonus interest rate of Savvy Saver Account.
- Increase of 0.25% p.a. to Smart Saver Account, Momentum Account, Business Saver Account, Way Cool Saver Account.
Our aim is to keep our rates as competitive as possible to benefit all customers, and offer support when it comes to their finances.
We recommend that customers review their existing banking arrangements to ensure that their banking products continue to meet their needs.
If you require assistance with your home loan repayments, please contact us to learn about the options available to you.
We’re here to help
If you have any questions or need more information, please contact us via live chat on the P&N website, log in to internet banking to send us a secure message, call us on 13 25 77, or email us at info@pnbank.com.au (general enquiries only).