Compare Bank of Sydney savings accounts
Open a transaction account, savings account or a term deposit depending on your needs.
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By
Shirley LiuUpdated
Bank of Sydney began operations under a full banking licence in April 2001, and now has branches in Sydney, Melbourne and Adelaide. It offers a range of products and services related to personal banking, business banking and international banking. Also, it provides various insurance solutions as well. The Bank of Beirut acquired the Bank of Sydney in 2011.
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How we picked theseThe Finder Score is a simple score out of 10. The higher a savings account's score, the better we think it is for the average customer.
We score each savings account in our database of hundreds based on a data-driven methodology with 2 main criteria: Does the account offer a high interest rate? And is it easy for savers to actually earn that rate?
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We currently don't have that product, but here are others to consider:
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How we picked theseWe assess multiple product features for transaction accounts from over 100 providers and assign each product a score out of 10.
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We currently don't have that product, but here are others to consider:
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How we picked theseFinder Score assigns Term Deposit products a score out of 10, comparing interest rates and features, to make comparison easier. We assess over 150 products from more than 90 providers, assessing products across different terms to determine an average score per product.
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Applying online for a new bank account is fast and easy. You'll need identity documents such as your driving licence or passport. For more about the process, check out our full guide to opening an account online.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs. See full bio
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Diversify your savings growth potential with a flexible Foreign Currency Term Deposit.
The term deposit from Bank of Sydney gives you more flexibility for the same competitive rates, so for short-term savings this may be the account for you.
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I have a considerable amount of cash to invest in a 12 month Fixed Term Deposit. The very best offer I have had so far is 5.3%. I am looking for at least 5.5%. Are you able to help?
Hi Denis,
We are a comparison site. The best rate we have available as of today is 5.2%:
https://www.finder.com.au/term-deposits
is bank of sydney covered by australian goverbment bank guarantee
Yes they are.
Will the fact that I asm self-employed disqualify me from investing with Bank of Sydney?
Hi Dale, that would depend on what account you’re looking at but in general no, it wouldn’t disqualify you from opening an account.