Bank of Sydney Announces changes to Interest Rates

Following the recent 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 3 June 2025.
• Business Saver: The following interest rates will be effective from 26 May 2025:
  • $0-$9,999: decrease of 0.25% from 1.45% to 1.20%
  • $10,000-$24,999: increase of 1.85% from 1.50% to 3.35%
  • $25,000+: decrease of 0.25% from 3.60% to 3.35%
• Controlled Money Trust Account: to reduce by 0.25% from 3.15% to 2.90% effective from 26 May 2025
• BOS Saver: The BOS Saver Account interest rate is 4.00%

Huw Bough, Chief Banking Officer at Bank of Sydney said; “We are delighted to be able to pass on the cash rate reduction to our borrowers. We have taken a considered and balanced approach to support our customers’ needs by helping people saving and self-funded retirees whilst easing pressure on home and business owners within the current economic environment.”

For customers who need assistance in 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).