Interest Rate Reductions March 2020

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Friday 6th March 2020

Bank of Sydney announces Interest Rate Reductions following RBA decision


Following the RBA’s announcement on March 3rd to reduce the cash rate from 0.75% to 0.50%, we will be decreasing our Standard Variable Interest Rate by 0.25%p.a. for all existing Owner Occupier and Investment Home Loans effective 24 March 2020.

In light of the recent devastation across the nation caused by a wave of natural disasters, as well as the present uncertainty regarding the COVID-19 outbreak, Bank of Sydney is committed to supporting our customers and communities.

If you have any further questions or would like to discuss your loan, please do not hesitate to contact us on 13 95 00.