Following the decision by the Reserve Bank of Australia to increase the official cash rate by 0.25% p.a., Teachers Mutual Bank will increase variable interest rates by 0.25% p.a. across its variable home loan and savings products, effective 26 March 2026*.
Greg Johnson, Teachers Mutual Bank Limited’s Chief Customer Officer, said: “Today’s announcement will be welcomed by our members with savings, but will add pressure for borrowers already feeling the strain as the price of petrol and other household essentials continue to rise.
“Australians are looking for certainty – and as a member-owned bank, we strive to deliver a fair and straightforward experience for all our members.”
“For any member who may need additional support, our Member Assist team is here to help with personalised solutions.”
Teachers Mutual Bank’s featured products
For borrowers
For savers
*Rate changes are effective 26 March 2026 for all variable deposit products excluding those products which operate with a monthly bonus interest feature for which the increase will be applied in the following monthly cycle.
^Available to members under 30 years and university students of any age, this product has no monthly account fee and minimum deposit requirements.
