· whats happening to my savings account after the august rba cash rate cut ? How will australias big 4 banks affect mortgage rates? Whats happening to my savings account after … · how will rate cuts impact savings accounts ? · the reserve bank has confirmed interest rates will be cut for the third time this year, taking the cash rate down to 3. 60%. This 0. 25 percentage point reduction marks a significant turning point in australia ’s economic cycle. The rbas rate decisions often impact the interest rates banks apply to savings accounts. · heres a full list of confirmed savings account rate cuts, plus how a lower interest rate will affect your savings balance. · how will rate cuts impact savings accounts? Check to see how the major banks are reacting — and what that … When the rba cuts the cash rate, banks respond by cutting the rates on their home loans, savings accounts and term deposits. Are banks obligated to cut interest rates? Do banks cut their savings rates? In case you didnt receive email correspondence, here are the changes observed for prominent banks and savings accounts in the wake of the august 2025 decision. · interest rates have gone down by 0. 25 percentage points. · heres a full list of confirmed savings account rate cuts , plus how a lower interest rate will affect your savings balance. The rbas rate decisions often impact the interest rates banks apply to savings … · whats happening to my savings account after the august rba cash rate cut? · the reserve bank of australia (rba) has cut interest rates for the first time in over four years, lowering the cash rate from 4. 1% to 3. 85%. Saving rates are falling below inflation and those holding cash are going backwards. What happens if interest rates go down? Check to see how the major banks are reacting — and what that means for savers and mortgage holders. How does the rbas rate decision affect savings accounts? Whats happening with australias first rate cut since 2020? Whats happening to my savings account after the august rba cash rate cut ? · “ savings rates could fall further this year after the february rate cut ,” mr arraj said.