Bank of Sydney Announces Changes to Deposit Interest Rates

Following the Reserve Bank of Australia’s (RBA) decision to reduce the cash rate by 0.25%, we will be making changes to our BOS Saver and Business Saver interest rates.

When making any interest rate changes, please note we do take into consideration a number of important factors, including but not limited to, the impact to our customers and their financial situation and also economic, regulatory, operational and funding requirements. This is important to ensure we are able to continue providing cost-effective products and exceptional service to every one of our valued customers.

Changes to Variable Deposit Products

The following variable deposit interest rates will be effective from Monday 24th February 2025:  

BOS Saver Account

Tier

Interest rate (p.a.)

$0 to $5,000,000

4.00%

 Business Saver Account

Tier

Interest rate (p.a.)

$0 to $9,999

1.45%

$10,000 to $24,999

1.50%

$25,000 and $249,999

3.60%

$250,000 to $499,999

3.60%

$500,000 to $1M

3.60%

$1M+

3.60%

Please note, the Cash Collateral Account interest rate in linked to the RBA Cash Rate, therefore the below rate was effective from Wednesday 19th February 2025:

Cash Collateral Account

Tier

Interest rate (p.a.)

$1+

4.10%

Customers who would like more information about these changes may call us on 13 95 00 or visit their local branch.

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