Term deposit news

Buy-now, pay-later popularity rapidly increasing

New research has found 1.95 million Aussies used a buy-now, pay-later scheme in the year up to September, up from 1.38 million in the previous 12 months.

Judo Bank launches new 2.35% p.a. six-month term deposit

New neobank Judo Bank has added another competitive term deposit to its product suite, now offering a 2.35% p.a. term deposit for six months.

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.

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.

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.

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.

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.

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.

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.

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.

Refinance home loans.Rates from 1.69% p.a.

Low-rate car loansRates from 3.94%

Savings ratesof up to 1.50%

Term deposit ratesof up to 1.60%

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Refinance home loans.
Rates from 1.69% p.a.

Low-rate car loans
Rates from 3.94%

Savings rates
of up to 1.50%

Term deposit rates
of up to 1.60%

Let us come to you.
Get Savings in your inbox.