ASIC looks to end dodgy bank products

The Australian Securities & Investments Commission (ASIC) is reviewing how to use new powers allowing it to stamp out financial and credit products it perceives as damaging for consumers.

Who’s passed on the RBA rate cut to term deposits?

With Australia’s central bank cutting interest rates this week, much of the focus has been on home loan rates – but plenty of institutions have been quietly moving term deposit rates too, and not all of them have been cuts either.

Term deposit movements: Three big banks drop rates

ANZ, National Australia Bank, Commonwealth Bank and a number of other banks have dropped interest rates on term deposits over the past week ahead of Tuesday’s widely-anticipated cash rate cut.

Term deposit rates drop by the day in May

A plethora of deposit-taking institutions have dropped term deposit interest rates in May – and the month isn’t even halfway through yet.

Average term deposit rate drops in March

Retail term deposit interest rates have fallen on average again in March, following several high profile rate drops from major banks.

UBank launches ‘green’ term deposit product

UBank has unveiled the ‘world’s first’ ‘green’ term deposit for consumers, designed to attract the savings of environmentally-aware millennials.