IMB Bank announces interest rate changes

Following the RBA’s increase to the official cash rate, today we have announced changes to interest rates on selected loan and deposit products.

The adjustments include an increase to our new and existing variable home loan interest rates by 0.25% p.a.^*, effective on October 9, 2026.

We have also increased rates on selected deposit accounts with IMB’s Reward Saver and Business Cash Management Account increasing by 0.25% p.a. and our Reward Saver Kick Start Account increasing by 0.35% p.a. Interest rates for all other deposit accounts are under review. The deposit rate changes are effective on October 9, 2026.

The changes are intended to balance the needs of both our depositor and borrower members. We understand that rising interest rates and cost-of-living pressures may affect some members and encourage any IMB borrowers who need support and would like to discuss their loan to contact our team on 133 462.

Existing variable rate home loan borrowers with principal and interest repayments will be notified of their new repayment amount in their December statement, with the new repayment amount payable from March 2027.

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