Interest rate increase – Thursday 5 February: Following the RBA’s decision to change the official cash rate, interest rates for owner‑occupier and investor variable loans will increase by 0.25%, effective 19 February 2026. From 19 February 2026, deposit rates across the majority of savings products will also increase by 0.25%. Find out more.

Features of NPP

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Real Time Payments
FAQs

What are the features of the New Payments Platform?

• Speed – the ability to make payments in real time, processing payments within 60 seconds.
• 24/7 availability – Available to process payments 24/7, 365 days a year.
• Data Enriched – option to provide more details with the payment
• Simple Addressing – Easily identify accounts using PayID®. Providing an alternative and easier way to address payments by using just your mobile number or email address.

PayID is a registered trademark of NPP Australia Limited.

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