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Once the darling of savings accounts, RAMS has cut its Saver bonus interest rate once again, this time by a large amount.
There might not have been another cash rate cut in December, but that doesn't mean your savings interest rates aren't changing.
Popular bank RAMS has cut its once highly-competitive savings account rate by a significant amount.
One of the market-leading savings accounts, the RAMS Saver, will have its interest rate reduced by 20 basis points tomorrow.
Dozens of institutions have passed the two consecutive rate cuts onto their savings account products, hitting those who rely on earning interest to supplement their income.