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Bank of Sydney reduces fixed rate

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Bank of Sydney reduces fixed rate

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James Mitchell 1 minute read

Bank of Sydney has today announced that it has reduced its three-year fixed rate for owner-occupiers.

Bank of Sydney is reducing its three-year fixed rate for owner-occupiers to 3.98 per cent.

The bank’s head of third-party distribution Steve Sampson announced the rate cut today.

“We believe this is a market-leading rate for home buyers and demonstrates the bank’s commitment to both home buyers and the broker market,” Mr Sampson said.

“The home loan market is extremely competitive at the moment and this rate shows that Bank of Sydney is determined to be a challenger brand with products that are competitive and demonstrate value for money.”

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Bank of Sydney reduces fixed rate
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James Mitchell

James Mitchell

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.

He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.

James holds a BA (Hons) in English Literature and an MA in Journalism.

 

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