In response to the RBA’s cash rate increase on Tuesday, Bank of Sydney has today announced it will delay a 0.25% increase to its standard variable lending rates for all new and existing home and business lending loans until Tuesday 14th April 2026.
Huw Bough, Chief Banking Officer at Bank of Sydney, said the decision reflects the Bank’s focus on supporting customers through changing economic conditions.
“We recognise that rising rates can place added pressure on households and small businesses. By allowing a little breathing room before this change takes effect, we’re aiming to help customers plan and adjust with greater confidence,” Mr Bough said.
“As a smaller Bank, staying close to our customers matters to us, and we remain committed to providing personalised support and practical tools to help them manage their finances.”
All affected customers will receive a direct notification outlining their new interest rate and repayment details.
Furthermore, savings accounts including BOS Saver Account, Business Saver Account and Controlled Money Trust Accounts interest rates will increase by 0.25% from Wednesday, 1 April 2026, to help customers grow their savings.
Customers who would like more information about these changes or their individual loan arrangements, may visit Bank of Sydney’s website at www.banksyd.com.au/contact-us, call them on 13 95 00 or visit their nearest branch.
