Term deposit news

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

Two RBA cash rate cuts in 2019: NAB

National Australia Bank has become the second ‘big four’ bank to forecast Australia’s cash rate to be cut twice to reach 1.00% by the end of the year.

By Dominic Beattie ● March 08, 2019

NAB lowers term deposit rates by up to 20 basis points

Major bank NAB has announced changes to various term deposit products, dropping interest rates by as much as 20 basis points.

By William Jolly ● March 07, 2019

Comfortable retirement costs rise slightly

The annual cost of a ‘comfortable’ retirement for 65-year-old retirees has risen to $60,977 for couples and $43,317 for singles, according to the latest figures.

By Dominic Beattie ● February 25, 2019

Banks could be hit with $640 million levy to support victims of misconduct

Labor leader Bill Shorten will announce a $640 million levy on Australia’s large banks and financial institutions, aimed at supporting those ripped off by the financial sector.

By David Lammey ● February 25, 2019

Westpac expects two cash rate cuts in 2019

Westpac has become the first major bank to officially predict a rate cut in 2019 – and it’s predicted two of them.

By William Jolly ● February 22, 2019

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