RBA rate change

Following the Reserve Bank of Australia's decision to increase the official cash rate on 3 February 2026 by 0.25%, Bank First will be increasing the interest rates on our variable home loan and savings products.

Variable Home Loans

• Effective 20 February 2026, home loan variable interest rates will increase by 0.25% p.a.

• Your new interest rate will appear on 20 February through online and mobile banking.

Savings

• Effective 20 February 2026, the interest rates on a range of savings products will increase by 0.25% p.a.

• Effective 1 March 2026, the bonus interest rate on our Bonus Saver and First Home Bonus Saver account will increase by 0.25% p.a.

What happens to my home loan repayments?

Bank First regularly review repayments to ensure your home loan can be repaid within the loan term. You may have noticed that repayment changes haven't always occurred immediately after previous rate changes.

If your repayment is increasing, we'll notify you via email or mail from 16 February 2026. The new repayment will take effect from 24 March 2026.

If you have any questions about your home loan repayment, call 03 9124 6129 between Monday to Friday 9am to 5pm or email us at customerrelations@bankfirst.com.au.

If you are experiencing financial difficulty or concerned about your financial position, please visit our Financial Difficulties page or call us on 1300 554 437 to see how we can help.