In response to the RBA’s cash rate increase on Tuesday, Bank of Sydney has today announced it will increase its standard variable lending rates by 0.25% for all new and existing home and business loans from Friday, 22 May 2026.
Furthermore, it will increase interest rates by 0.25% on savings accounts including the BOS Saver Account, Business Saver Account and Controlled Money Trust Accounts from Friday, 15 May 2026, to help customers grow their savings.
Huw Bough, Chief Banking Officer at Bank of Sydney said, the decision reflects the Bank’s focus on supporting its customers.
“At a time when households and small businesses are under pressure, we want to support our customers,” Mr Bough said.
“We’re pleased to deliver higher returns for savers while giving borrowers additional time to adjust as conditions change. Being a smaller bank means we stay close to our customers and work alongside them to help navigate circumstances with confidence.”
All affected lending customers will receive a direct notification outlining their new interest rate and repayment details.
Customers who would like more information about these changes, or their individual loan arrangements, may visit the Bank of Sydney’s website at www.banksyd.com.au/contact-us, call 13 95 00 or visit their nearest branch.
