Following the Reserve Bank of Australia’s recent announcement to increase the cash rate target by 0.25% p.a., the following changes will become effective from 17 November 2023:
Existing standard variable rate loans to increase by 0.25% p.a.
All Bank of Sydney loan customers will receive written notice detailing their new rate and repayment information.
Furthermore, BOS Saver and SmartNet savings accounts will be increasing variable rates by 0.25% p.a.
Customers who would like more information about these changes or their specific home loan arrangements or deposits, may visit our website at www.banksyd.com.au/contact-us or call us on 13 95 00 (Mon – Fri, 9am – 5pm AEST).