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We are committed to offering members the best possible rates

RBA Official Cash Rate Decision - Member Update

On Tuesday 3 March the Reserve Bank of Australia announced a 0.25% cut to the official target cash rate which is now at a historic low of 0.50%. Sydney Mutual Bank is committed to offering its members the best possible rates on all its home loans and we are currently analysing the impact of the RBA’s decision.

As a mutually owned bank we have an obligation to balance the interests of all saving and borrowing members. Management is reviewing the decision and will advise members accordingly.

Please don’t hesitate to contact Sydney Mutual Bank on 13 61 91 if you wish to discuss this further.