RBA rate cut: Banks yet to pass on cuts exposed

A 25-basis-point reduction to the official cash rate was announced on Tuesday, brining it down to 4.10% from 4.35%.

It was the first rate cut since 2020 and follows 13 consecutive hikes that pushed rates to their highest level since 2011.

Commonwealth Bank, ANZ, NAB and Westpac quickly announced they would implement the full 25-point reduction.

A full list of which banks have and have not passed on the cuts is below:

Banks who have passed on the cut so far

NAB- New lowest rate 6.19%- Effective 28 February

CommBank- 5.90%- 28 February

ANZ- 5.84%- 28 February

Westpac- 6.19%- 4 March

Adelaide Bank- 5.99%- 7 March

AMP- 5.89%- 28 February

Arab Bank Australia- 5.50%- 4 March

Athena-5.99%- 18 February

Aussie Home Loans- 5.88%- 7 March

Auswide Bank-5.74%- 28 February

Australian Military Bank- 6.18%- 4 March

Australian Mutual Bank- 5.44%- 1 March

Australian Unity- 5.69%- 6 March

Bank Australia- 5.13% (Clean Energy Home Loan only)- 4 March

Bank First- 5.84%- 27 February

Bank of China- 5.68%- 4 March

Bank of Melbourne- 6.04%- 4 March

Bank of Sydney-5.79%- 12 March

Bank of Queensland- 5.93%- 7 March

Bank of us- 5.89%- 12 March

Bank Orange- 5.69%- 6 March

BankSA- 6.04%- 4 March

BankVic- 5.74%- 4 March

BankWAW- 5.54%- TBC

Bankwest- 6.04%- 28 February

Bendigo Bank- 5.84%- 7 March

Beyond Bank- 5.89%- 4 March

BCU- 5.74%- 5 March

Bluestone- 6.79%- 5 March

Border Bank- 5.88%- 28 February

Broken Hill Bank- 6.64%- TBC

Cairns Bank- 5.99%- 8 March

Central Murray Credit Union- 5.99%- 28 February

Central West Credit Union- 6.04%- 25 February

Credit Union SA-5.79%- 5 March

Coastline Credit Union- 6.69%- 28 February

Community First Bank- 5.69%- 12 March

Defence Bank- 6.34%- 27 February

Easy Street- 5.79%- 12 March

Firefighters Mutual Bank- 5.74%- 28 February

Firstmac- 5.89%- 4 March

First Option Bank- 5.74%- 1 March

FreedomLend- 5.90%- 17 March

Gateway Bank- 5.60%- 25 February

Geelong Bank- 5.89%- 5 March

GMCU- 5.94%- 1 March

Great Southern Bank- 5.89%- 4 March

Greater Bank- 5.74%- 7 March

G&C Mutual Bank- 5.70%- 1 March

Gouldburn Murray Credit Union- 5.94%- 1 March

Heritage Bank- 5.74%- 4 March

Homeloans.com.au- 6.14%- 5 March

Homestar- 5.74%- 4 March

Horizon Bank- 5.64%- 28 February

HSBC- 5.74%- 10 March

Hume Bank- 5.74%- 3 March

Illawarra Credit Union- 5.69%- 5 March

IMB- 5.79%- 4 March

ING- 5.89%- 4 March

Laboratories Credit Union- 5.70%- 1 March

La Trobe- %- 17 March

Liberty Financial- 6.24%- 7 March

loans.com.au- 5.74%- 4 March

Macquarie Bank- 5.89%- 28 February

ME Bank- 5.88%- 8 March

Mortgage House - 7 March

MOVE Bank- 5.69%- 1 March

MyState Bank- 5.79%- 4 March

Newcastle Permanent- 5.74%- 7 March

NRMA- 5.78%- 7 March

Pacific Mortgage Group- 5.64%- TBC

People’s Choice- 5.64%- 4 March

Pepper Money- 6.59%- 5 March

P&N Bank- 5.88%- 5 March

Police Bank- 5.59%- 28 February

Police Credit Union- 5.74%- 1 April

Qantas Money- 5.88%- 7 March

QBank- 5.74%- 11 March

Qudos Bank- 5.64%- 27 February

Queensland Country Bank- 5.89%- 11 March

RACQ Bank- 5.64% – 4 March

Reduce- 5.74%- TBC

Regional Australia Bank- 5.69%- 4 March

Resi- 5.89%- 28 February

Resimac- 6.14%- 5 March

Southern Cross Credit Union- 6.23%- 3 March

Southwest Slopes Bank- 6.35%- 4 March

St. George- 6.04%- 4 March

Sucasa- 6.05%- 28 February

Summerland Bank- 5.49%- TBC

Suncorp- 5.88%- 28 February

Teachers Mutual Bank- 5.74%- 28 February

The Capricornian- 5.64%- 7 March

The Mac- 5.67%- TBC

The Mutual- 5.64%- 4 March

Tiimely- 5.74%- 7 March

Transport Mutual- 6.69%- 21 February

Ubank- 5.84%- 27 February

Unibank- 5.74%- 28 February

Unity Bank- 5.74%- 28 February

Unloan- 5.74%- 21 February

Up Bank- 5.75%- 1 March

Warwick Credit Union- 6.14%- 27 March

Well Money- 5.81%- 7 March

Yard Home Loans- 5.89%- 7 March

Yellow Brick Road- 6.64%- 28 February

'How interest rate cuts affect the property market': youtube.com/mortgagechoice

Banks who have not yet passed on cuts

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