New interest rates from 1 May 2020

Interest Rates Changes

After a comprehensive review of the rates on home loans and our savings / deposit products, Sydney Mutual Bank has decided to reduce the rates on home loan products while also trying to maintain competitive rates on our savings products.

As a member owned bank, our focus is on finding a balance for all of our members so that our rates remain competitive for our depositors and borrowers.

The rates on variable rate home loan products (owner-occupied and residential investor, both new and existing borrowers) have been reduced by 0.10% and rates on fixed rate home loan products (owner-occupied and residential investor, both new and existing borrowers) have been reduced by 0.35%.

For more information here's our Loans Interest Rates Schedule.

The interest rate on a number of our savings and term teposit products has also been reduced. 

Please check our Deposit Interest Rates Schedule and Legacy Deposit Interest Rates Schedule for more details.

The new interest rates are in effect from 1 May 2020.