Tasmanian-based lender MyState Bank has joined the big four in holding back a large chunk of the Reserve Bank's latest interest rate cut.
The Reserve on Tuesday cut the cash rate by 0.25 percentage points to a record low 0.75 per cent in a bid to stimulate the economy.
MyState announced on Friday it would pass on 0.15 percentage points (60 per cent of the cut) to borrowers with variable home loan interest rates.
That matched the NAB and Westpac.
The Commonwealth Bank passed on 0.13 percentage points and the ANZ 0.14.
Tasmanian-based Bank of us is yet to announce a decision.
Its chief executive, Paul Ranson, on Tuesday said it was an "ongoing balancing act to manage the cost of operating our business and the interests of both borrowers and depositors".
The reference to depositors might have suggested Bank of us was unlikely to pass on the full cut, as falling interest rates do not help savers.
MyState Bank said the interest rate for its owner-occupied basic variable rate loan with principal and interest repayments would fall to 3.23 per cent per year for new loans.
General manager banking Tony MacRae said MyState Bank was focused on balancing the change for deposit and lending customers while keeping rates competitive.
"We are continuing to work hard to maintain competitive rates for our deposit customers, many of who are saving towards a specific goal or are self-funded retirees," he said.
"Decisions such as these are difficult, and we certainly have not taken this decision lightly.
"We believe this delivers a fair balance of outcomes for both deposit and lending customers."