Latest Interest Rates
Compare Australian lenders’ rates from a huge range of financial providers and products.
Bank interest rates are updated regularly on our database to help you find the right product for you, whether that be a home loan, credit card, savings account, term deposit, personal loan or more.
Please note: Some rates listed may be promotional rates. Rates shown are as notified to Canstar during the previous business day.
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Interest Rate FAQs
About Canstar
Canstar is Australia’s biggest financial comparison site, with more than 775 brands on our database^. That includes over 4,000 home loans from more than 100 lenders, helping you to compare a wide range of home loan interest rates in one place.
All rates are updated every business day as we aim to ensure you are viewing accurate, up-to-date data, whether you are buying your first home, refinancing or investing in property, looking for a great deal on a credit card, or trying to find the best savings account to suit your needs. Some rates listed may be promotional rates.
^ As of January, 2020. To be included in the count, a brand has to be able to be compared with another product from another brand on the tables on the site and we’re talking finance and Australia only.
Comparing loans: When it comes to comparing loans, the interest rate is an important consideration and can make a significant difference in the total cost of that loan. However, there are a number of other factors you may also want to consider. These factors include fees attached to the loan and features available, including an offset account or redraw facility (for home loans).
Home loans: The home loan comparison rate is designed to give borrowers a more accurate indication of the true cost of a loan and incorporates factors including the interest rate as well as most fees and charges. When you compare home loans with Canstar, you can easily view the advertised interest rate and comparison rate, as well as fees and features attached to each product. The product’s Star Rating is also displayed, to help you find a home loan that has been deemed to offer outstanding value by Canstar Research. Remember, home loans can come with principal and interest repayments or interest only repayments for a period and this can have an impact on the cost of the loan in the long term.
Savings and transaction accounts: When it comes to deposit products, it could be a wise idea to consider the applicable interest rate, along with any bonus offers and fees. For term deposits in particular, you may also want to think about the length of terms and conditions for the release of funds.
Credit cards: For credit cards, it’s important to understand that this is a lending product like a home loan or personal loan, and there are fees, charges and penalties attached for not meeting certain conditions of the loan, such as a repayment schedule.
There are many other considerations to take into account when choosing a financial product. Qualified, independent financial advice could be an option to consider.
> Looking to find a better deal? Compare car insurance, car loans, health insurance, credit cards as well as home loans, with Canstar.
Latest in Interest Rate Comparison
Finance News - September 9th
New lowest home loan’s rate is just 1.90% (2.39% comparison rate)
UPDATED: Reduce Home Loans has edged ahead in the “lowest rate home loan” race, launching an introductory rate of just 1.90% (comparison rate 2.39%). Three days after its initial launch on 1 September, the lender altered...
– Read more
Home Loans - August 4th
Loan repayments on a $1 million loan: How much would that cost a month?
So you’ve found your dream home and it means you’ll have to borrow $1 million. How much is that going to cost you in monthly repayments? And how can you make sure that you don’t pay too much? We take a look.
– Read moreImportant Information
1. This advice is general and has not taken into account your objectives, financial situation, or needs. It is not personal advice. Consider whether this advice is right for you, having regard to your own objectives, financial situation and needs. You may need financial advice from a suitably qualified adviser. Consider the product disclosure statement (PDS) before making any financial decision. For more information, read Canstar’s Financial Services and Credit Guide (FSCG), and read our detailed disclosure, important notes and liability disclaimer.
2. Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular credit product or loan. If you decide to apply for a credit product or loan, you will deal directly with a credit provider, and not with Canstar. Rates and product information should be confirmed with the relevant credit provider. For more information, read the credit provider’s key facts sheet and other applicable loan documentation for that product. Read the Comparison Rate Warning.
3. The information in this article is not legal advice, nor is it intended to be used as a substitute for obtaining independent professional advice. Please consult your legal practitioner, professional adviser or the relevant government or statutory authorities before making any decisions.