Term deposit news

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

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.

By William Jolly ● May 31, 2019

CommBank, RACQ, CUA and more drop term deposit rates

Plenty of banks and credit unions have changed rates on their term deposits this past week, with news of an RBA rate cut imminent.

By William Jolly ● May 24, 2019

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.

By William Jolly ● May 15, 2019

439,000 Aussies intend to retire in 12 months, despite meagre savings

The number of Australians planning to retire in the next 12 months has risen, with many set to rely on government benefits, according to research.

By Dominic Beattie ● April 26, 2019

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.

By William Jolly ● April 02, 2019

Greater Bank changes term deposit interest rates by up to 45 basis points

Customer-owned Greater Bank has made sweeping changes to a variety of its term deposit products.

By William Jolly ● March 25, 2019

‘Bank-xious’: 94% of Australians don’t trust their banks

An ME Bank survey of Australian banking customers has revealed the startling statistics on how Australians feel about their banks in the post royal-commission world.

By William Jolly ● March 18, 2019

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.

By William Jolly ● March 14, 2019

Macquarie and UBank both drop term deposit rates

Macquarie Bank and UBank have cut term deposit interest rates on various terms by up to 15 to 20 basis points.

By William Jolly ● March 11, 2019

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