The Reserve Bank’s decision to increase the cash rate by 25 basis points in November, after leaving the rate unchanged for four months, served as an opportunity for some banks to restore their margin by passing on the full rate increase (or more) to borrowers while holding back on savings rate increases.  According to the latest Mozo Banking Roundup most of the variable home loan rate changes in November were increases of 25 basis points, but some opted for bigger rate increases. Lenders that increased variable rates by more than 25 bps included Westpac and St George Bank, Bank Australia, Bank First, Bank of Sydney, ING, Qudos Bank, RACQ Bank and Suncorp. Westpac increased its Flexi First Options introductory and ongoing rates by 35 bps. Westpac subsidiary St George increased the rate on its Basic Home Loan Special Offer by 35 bps for owner occupiers making principal and interest payments, and all investors. Bank Australia put its Basic Option rate up by 45 bps and rates on its other products by 40 bps. Bank of Sydney’s rates went up by 20 to 45 bps. ING put its variable rates up by 30 bps. Mozo said that only 19 of the banks it tracks increased ongoing bonus rates for at-call savings accounts. Some of the increases were for less than 25 bps. And where deposit takers have increased rates by 25 bps or more, they have been selective. Commonwealth Bank increased the introductory bonus rate on NetBank Saver by 35 and ANZ increased the introductory bonus rate on Online Saver by 35 bps. NAB added 25 bops to the introductory rate of its iSaver account and the ongoing bonus rate on its Reward Saver. Westpac increased the eSaver introductory bonus rate by 25 bps. Top at-call savings rates include the 5.6 per cent four-month introductory rate on Rabobank’s High Interest Savings Account, an ongoing bonus rate of 5.55 per cent on ME’s HomeME Savings Account and a base rate of 5.25 per cent on Police Bank’s Super Charge Account (for under 30s).