Savings 26 April 2026 - 27 April 2026

Commonwealth Bank Savings Rates Rise After RBA Hike: What CBA Customers Face This Week
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Commonwealth Bank Savings Rates Rise After RBA Hike: What CBA Customers Face This Week

Commonwealth Bank of Australia will raise rates on selected savings accounts by up to 0.25 percentage point from May 15, following last week’s Reserve Bank of Australia cash rate hike to 4.35%. The bank had already announced a 0.25 percentage point increase for variable home loans. Some deposit rate increases apply only to new or bonus accounts, while existing NetBank Saver customers get a smaller rise.
May 12, 2026
Rachel Reeves Cash ISA Shake-Up: Skipton’s 4.55% Deal Lands As Savers Face 2027 Tax Hit
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Rachel Reeves Cash ISA Shake-Up: Skipton’s 4.55% Deal Lands As Savers Face 2027 Tax Hit

Skipton Building Society launched an 18-month fixed-rate cash ISA at 4.55% AER, ahead of new rules that will cut the annual cash ISA allowance for under-65s to £12,000 from April 2027. The government will also raise the tax rate on savings income by 2 percentage points that year. Skipton’s account requires a £500 minimum and does not allow withdrawals during the term. Average one-year fixed ISA rates hit 4.01% in April.
April 27, 2026