The Finance Algorithm
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Horizon Bank

Every product Horizon Bank publishes under the Consumer Data Right, with its rates set beside every other bank's. It last changed one on 7 Nov 2026.

  • Deposits are covered by the government's Financial Claims Scheme up to $250,000 per account holder. Who shares a cap
  • Australian credit licence and AFS licence 240573, held by Horizon Credit Union Ltd; credit licence since 19 October 2010. ASIC register
No change yetHorizon Bank hasn't changed its published variable home loan rates since the RBA's 4 Nov 2026 rise.

61 products in 7 categories

  1. Home loans24
  2. Savings & transaction accounts17
  3. Business loans9
  4. Personal loans8
  5. Term deposits1
  6. Credit cards1
  7. Overdrafts1

Horizon Bank's rates today

Horizon Bank's best rate in each category, next to the best you'll find anywhere and the typical institution's best, as of 7 November 2026. Only products anyone can apply for are counted.

Where Horizon Bank sits among every institution's best

Horizon Bank 6.89%Everyone else, 104 in all

Owner occupier, principal & interest, 80% LVR. One dot per institution, at its lowest variable home loan rate anyone can apply for; hover or tap a dot for its name.

RateHorizon BankBest anywhereTypical institution
Variable home loanOwner occupier, principal & interest, 80% LVR6.89%Home Sweet Home Loan5.93%SCCU's BROKER HOME LOAN6.38%of 104 institutions
3-year fixed home loanOwner occupier, principal & interest, 80% LVR6.49%3 Year Fixed Home Loan6.24%Credit Union SA's 3-Year Fixed 40 Year Home Loan Package6.69%of 80 institutions
Savings accountBase plus any bonus, when its conditions are met3.50%HORIZON DIRECT5.75%Defence Bank Limited's iSaver4.85%of 73 institutions
12-month term depositBest rate for a 12-month term5.10%Term Deposit5.75%Suncorp Bank's Term Deposit5.30%of 65 institutions
Personal loanLowest advertised rate, fixed or variable, leaving out car loans6.79%Personal Mortgage Sec.5.80%Plenti Personal Loan7.96%of 68 institutions
Credit card purchase rateOngoing purchase rate, not introductory offers12.95%VISA CREDIT CARD7.49%Unity Bank's Low Rate Visa Credit Card12.49%of 51 institutions
Business savings accountEach institution's best interest-paying business account, base plus any bonus0.01%BUSINESS SAVINGS5.40%Great Southern Bank Business+'s Business+ Saver0.55%of 34 institutions
Business loanLowest advertised rate, fixed or variable, leaving out SMSF loans; secured loans usually price lower7.89%Business Interest Only Variable6.33%SCCU's BUSINESS LOAN7.89%of 47 institutions

Horizon Bank home loan repayments

Repayments at Horizon Bank's lowest published rate for each loan type: owner occupier at 80% LVR unless marked investor, principal and interest, products open to anyone.

Loan amount
$600,000
Loan term
30 yrs
The $600,000 you borrowInterest over 30 years
  1. VariableHome Sweet Home Loan
    6.89%7.12% comparison
    $3,948a month

    $821,132 in interest, $1,421,132 repaid in all

  2. 1-year fixed1 Year Fixed Home Loan
    6.29%6.93% comparison
    $3,710a month

    $735,574 in interest, $1,335,574 repaid in all

  3. 2-year fixed2 Year Fixed Home Loan
    6.39%6.89% comparison
    $3,749a month

    $749,679 in interest, $1,349,679 repaid in all

  4. 3-year fixed3 Year Fixed Home Loan
    6.49%6.88% comparison
    $3,788a month

    $763,847 in interest, $1,363,847 repaid in all

  5. 5-year fixed5 Year Fixed Home Loan
    6.79%6.95% comparison
    $3,908a month

    $806,720 in interest, $1,406,720 repaid in all

  6. Investor variableHome Sweet Home Loan - Investment
    7.14%7.37% comparison
    $4,048a month

    $857,420 in interest, $1,457,420 repaid in all

Principal and interest, monthly, as if the rate held for the whole term: a fixed rate reverts to a variable one when the fixed period ends. Fees, offsets and extra repayments aren't included; the repayment calculator handles those. Not Horizon Bank's own calculator: confirm the rate with Horizon Bank before you apply.

Horizon Bank home loan rates

Compare across banks

24 products

Its lowest owner-occupier variable home loan rate (principal and interest, 80% LVR) is 6.89%, with a comparison rate of 7.12%, on its Home Sweet Home Loan: 90th lowest of 104 lenders, level with one other.

Horizon Bank savings and transaction account rates

Compare across banks

17 products

Its highest savings rate is 3.50%, on its HORIZON DIRECT: 55th highest of 84 institutions.

Horizon Bank term deposit rates

Compare across banks

1 product

Its highest 12-month term deposit rate is 5.10%, on its Term Deposit: 55th highest of 65 institutions, level with one other.

RateHorizon BankBest anywhereTypical institution
3-month term depositBest rate for 3 months4.60%Term Deposit5.30%Heartland Bank's Broker Term Deposit4.60%of 55 institutions
6-month term depositBest rate for 6 months4.90%Term Deposit5.47%Heartland Bank's Broker Term Deposit5.10%of 63 institutions
12-month term depositBest rate for 12 months5.10%Term Deposit5.75%Suncorp Bank's Term Deposit5.30%of 65 institutions
2-year term depositBest rate for 2 years4.90%Term Deposit5.60%Judo Bank's Personal Term Deposits4.90%of 55 institutions
3-year term depositBest rate for 3 years4.50%Term Deposit5.60%Judo Bank's Personal Term Deposits4.25%of 44 institutions

Horizon Bank credit card rates

Compare across banks

1 product

Its lowest credit card purchase rate is 12.95%, on its VISA CREDIT CARD: 27th lowest of 51 card issuers, level with one other.

Horizon Bank personal loan rates

Compare across banks

8 products

Its lowest advertised personal loan rate is 6.79% variable, with a comparison rate of 9.07%, on its Personal Mortgage Sec.: 27th lowest of 69 lenders, level with one other.

Horizon Bank business loan rates

Compare across banks

9 products

Its lowest advertised business loan rate is 7.89% variable, on its Business Interest Only Variable: 28th lowest of 49 lenders, level with one other.

Horizon Bank overdraft rates

Compare across banks

1 product

Rate changes since 18 Sept 2026How every lender responded

Has Horizon Bank passed on the RBA's November 2026 rate rise?

Horizon Bank hasn't changed its published variable home loan rates since the RBA's 4 Nov 2026 rise.

Its published savings rates haven't moved since the RBA's 4 Nov 2026 rise.

  1. Sat 7 Nov

    • Horizon Bank lifted 1 savings rate by 0.25 percentage points.

      0.25

  2. Fri 6 Nov

  3. Thu 5 Nov

  4. Wed 4 Nov

    • Horizon Bank cut 1 savings rate by 0.25 percentage points.

      0.25

  5. Tue 3 Nov

    • Horizon Bank lifted 1 savings rate by 0.25 percentage points.

      0.25

  6. Mon 2 Nov

    • Horizon Bank lifted 1 variable home loan rate by 0.25 percentage points.

      0.25

    • Horizon Bank lifted 1 savings rate by 0.25 percentage points.

      0.25

  7. Sat 31 Oct

    • Horizon Bank cut 1 savings rate by 0.25 percentage points.

      0.25

  8. Fri 30 Oct

    • Horizon Bank lifted 1 savings rate by 0.25 percentage points.

      0.25

  9. Thu 29 Oct

    • Horizon Bank cut 1 savings rate by 0.25 percentage points.

      0.25

  10. Wed 28 Oct

    • Horizon Bank lifted 1 savings rate by 0.25 percentage points.

      0.25

  11. Tue 27 Oct

    • Horizon Bank cut 1 savings rate by 0.25 percentage points.

      0.25

  12. Mon 26 Oct

    • Horizon Bank lifted 1 savings rate by 0.25 percentage points.

      0.25

  13. Sun 25 Oct

    • Horizon Bank cut 1 savings rate by 0.25 percentage points.

      0.25

  14. Wed 21 Oct

    • Horizon Bank lifted 1 savings rate by 0.25 percentage points.

      0.25

  15. Mon 19 Oct

    • Horizon Bank cut 1 savings rate by 0.25 percentage points.

      0.25

  16. Sun 18 Oct

    • Horizon Bank lifted 1 savings rate by 0.25 percentage points.

      0.25

  17. Sat 17 Oct

    • Horizon Bank cut 1 savings rate by 0.25 percentage points.

      0.25

  18. Fri 16 Oct

    • Horizon Bank lifted 1 savings rate by 0.25 percentage points.

      0.25

  19. Thu 15 Oct

  20. Wed 14 Oct

  21. Tue 13 Oct

  22. Sat 10 Oct

  23. Thu 8 Oct

  24. Wed 7 Oct

    • Horizon Bank lifted 5 term deposit rates by 0.10 to 0.20 percentage points.

      0.10 to 0.20

  25. Wed 23 Sep

Published by Horizon Bank under the Consumer Data Right, last changed by them on 7 Nov 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.