Term deposit news

Term deposit wrap: CBA and ANZ cut rates

Several key banks have made wholesale changes to their term deposit products this week.

By William Jolly ● January 24, 2020

NAB, Judo, Bank of Sydney: Term deposit changes in 2020

A host of banks have already made changes to their term deposit interest rates so far in 2020 - for better or worse.

By William Jolly ● January 16, 2020

Customer-owned banks grow rapidly in 2019

Customer-owned banks (aka mutual banks) have emerged from a tough 2019 relatively unscathed, according to a new independent report from KPMG.

By William Jolly ● November 26, 2019

More than a quarter of NAB’s deposits earn about 0% interest

More than $88 billion of savings and transactional deposits with NAB are at or near earning 0% interest.

By William Jolly ● November 07, 2019

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.

By Alex Brewster ● November 05, 2019

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.

By William Jolly ● October 22, 2019

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

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