This week’s rate changes on the savings account and term deposit market saw more banks cutting interest rates, with Westpac and NAB headlining the latest movements.
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.
Online peer-to-peer lender RateSetter has shaken up its car and personal loan products, raising and lowering various unsecured loans by as much as 56 basis points.
New Research by Raiz has found many Australians lack a clear understanding about basic personal finance, including their own savings account’s interest rate.