Term deposit news

NAB, ANZ, Westpac & more: The banks who cut term deposit rates in September

More than 50 banks made changes to their term deposit rates this month, with the vast majority of these changes being cuts.

By William Jolly ● September 27, 2019

Commbank CEO defends cuts to deposit and home loan rates

Commonwealth Bank CEO Matt Comyn has defended his bank’s decision to cut home loan rates, saying record low interest rates are hurting its depositors.

By William Jolly ● August 17, 2019

ANZ, CBA, NAB & Westpac have all cut term deposit rates this month

The lack of a cash rate cut in August hasn’t stopped some of Australia’s largest banks from lowering term deposit rates, with each of the big four slashing rates for fixed-rate savers.

By William Jolly ● August 16, 2019

Term deposit, savings account rates slump to a new all-time low

Term deposit interest rates have fallen to all-time lows in the wake of two successive cash rate cuts in June and July.

By William Jolly ● August 02, 2019

Westpac, NAB & others cut savings account and term deposit rates

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.

By William Jolly ● July 19, 2019

What are deeming rates and how do they work?

You may have recently heard a fair amount of talk about deeming rates lately. Find out what they are and why they’re a hot topic right now.

By Alex Brewster ● July 15, 2019

Who’s cut rates on savings accounts and term deposits this month?

Interest rates on savings accounts and term deposits continue to fall following the Reserve Bank’s July cash rate cut.

By William Jolly ● July 12, 2019

Will savers continue to struggle after another RBA rate cut?

After a second consecutive rate cut on Tuesday, much of the focus has been on which lenders are cutting home loan rates and by how much. But with interest rates falling to new record lows with each rate cut, Australians shouldn’t forget about the impact this can have on savings accounts and term deposits.

By William Jolly ● July 05, 2019

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.

By Alex Brewster ● June 27, 2019

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.

By William Jolly ● June 07, 2019

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