Bank of Sydney Announces changes to Interest Rates

Following the August Reserve Bank of Australia’s announcement to decrease the cash rate by 0.25% p.a., Bank of Sydney announces the following changes to lending and deposit products.

• Variable Rate Loans: Our Variable Interest Rates will decrease by 0.25% p.a. for all new and existing Variable Rate Loans, effective from 26 August 2025.

There will also be changes to our Deposit products effective from 1 September 2025:

• Controlled Money Trust Account: to reduce by 0.25% from 3.15% to 2.90%
• Business Saver: Interest rates will be calculated on each interest balance tier, based on account balance. The following interest rates will be effective:
  • $0-$9,999: interest rate to decrease from 1.20% to 1.00%
  • $10,000-$1,000,000: interest rate will remain unchanged at 3.35%
  • $1,000,000+: interest rate will decrease from 3.35% to 1.00%
• BOS Saver: Interest rates will be calculated on each interest balance tier, based on account balance. The following interest rates will be effective:
  • $0-$1,000,000: interest rate will remain unchanged at 4.00%
  • $1,000,000+: interest rate will be 0.00%

“Interest rate movements can have a significant impact on budgets,” said Huw Bough, Chief Banking Officer at Bank of Sydney. “We’re pleased to be able to pass on the full cash rate reduction to our borrowers, helping to ease the cost pressures facing many households and businesses. At the same time, we’ve carefully reviewed our savings rates to provide additional support to our personal and business customers who are growing their savings”.

For customers who need assistance managing their financial situation, we’re here to provide support.  

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).