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.

RBA holds rates steady at 1.50%

Australia’s central bank has held the cash rate at 1.50% for the 30th meeting in a row.

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.