Mozo term deposit news and advice

Gender pay gap remains wide

Sun, 07 Mar 2010 13:00:00 GMT

Australian women are still earning an average of 17 per cent less than men, new figures show.

Retail fund members 'risk making big losses'

Thu, 04 Mar 2010 13:00:00 GMT

People who invest their super savings in retail funds stand to lose $120 billion over the next decade, a report has said.

Compare term deposits, expert advises

Thu, 25 Feb 2010 13:00:00 GMT

Australian banks are offering some "great deals" on term deposits at the moment, an expert has observed.

Government bonds 'may be a safe place for savings'

Thu, 04 Feb 2010 13:00:00 GMT

Aussies may be able to get a good return on their savings by investing in a fixed-interest bond, a commentator has suggested.

Term deposit interest rates set to improve at Teachers Credit Union.

Thu, 10 Dec 2009 13:00:00 GMT

The chief executive of Teachers Credit Union has said that the group is offering very competitive rates on high-interest savings accounts and term deposits.

ANZ increases term deposit rates

Thu, 03 Dec 2009 13:00:00 GMT

ANZ has announced that it has upped the rates on its term deposit products.

Westpac 'has some of the best term deposit rates'

Tue, 01 Dec 2009 13:00:00 GMT

A Westpac bank official has claimed the institution offers some of the best rates on term deposits.

Australia 'has seen higher levels of term deposit rates'

Tue, 10 Nov 2009 13:00:00 GMT

Australia is seeing higher levels of term deposits, it has been claimed.

Variable rate personal loans 'inconsistent with the market'

Tue, 03 Nov 2009 13:00:00 GMT

Consumers researching variable rate personal loans between August 2008 and October this year might have found they were not consistent with other monetary packages on the market.

Renewing term deposits 'will be easier' with new bank features

Thu, 22 Oct 2009 14:00:00 GMT

Commonwealth Bank has announced a series of new additions to its online banking, which will help make renewing term deposits easier.

Billions of dollars 'stuck in term deposits'

Mon, 14 Sep 2009 14:00:00 GMT

Billions of dollars of Australians' money is stuck in investments, potentially including best term deposits.

Recovery 'not enough' to raise interest rates

Mon, 14 Sep 2009 14:00:00 GMT

Interest rates were kept at a 49-year low despite positive projections for the economy, it has been suggested.

Consumer confidence 'may prompt interest rate rise'

Thu, 10 Sep 2009 14:00:00 GMT

A recent jump in public confidence may prompt the Reserve Bank of Australia to increase interest rates, it has been suggested.

Savings account interest rates on the up

Sun, 23 Aug 2009 14:00:00 GMT

Banks are increasing the interest rates on their savings accounts, it has been noted.

Term deposits 'offer attractive rates'

Tue, 28 Jul 2009 14:00:00 GMT

Taking the time to seek out long-term deals could be an effective means for consumers to find the best term deposits offers, it has been suggested.

NAB scraps overdrawn fees

Mon, 27 Jul 2009 14:00:00 GMT

National Australia Bank (NAB) will no longer charge people for going overdrawn on their accounts as it looks to clean up its image, reports indicate.

Big Four flap wings at Swan

Wed, 08 Jul 2009 14:00:00 GMT

Commonwealth, National Australia Bank, Westpac and ANZ are lobbying treasurer Wayne Swan, pushing for greater consultation on consumer banking laws.

Economists call for basic bank to challenge Big Four

Tue, 07 Jul 2009 14:00:00 GMT

A group of six influential economists have written an open letter to Kevin Rudd and Wayne Swan, calling on them to look into establishing a "basic bank" akin to New Zealand's Kiwibank.

Westpac waves goodbye to shareholder term deposit benefits

Wed, 01 Jul 2009 14:00:00 GMT

Westpac has decided to shelve a benefits package that offered shareholders term deposits with higher interest rates than is available to the average customer.

New laws to protect struggling Aussies

Wed, 24 Jun 2009 14:00:00 GMT

New laws being thrashed out by the federal government will help to protect consumers who have fallen behind with home loans, credit cards and other payment obligations.

Waving goodbye to the annus horribilus

Wed, 24 Jun 2009 14:00:00 GMT

Many Australians will be all too keen to wave goodbye to the 2008-09 financial year, which ends next week.

Boomer Bank shaken by economic crisis

Mon, 22 Jun 2009 14:00:00 GMT

The once formidable Boomer Bank has been left thoroughly shaken in the wake of the economic crisis, the Herald Sun reports.

Term deposits causing interest rate review

Thu, 11 Jun 2009 14:00:00 GMT

Intense competition in the term deposit market is forcing banks to look to ease funding pressure by increasing interest rates on home loans, Commonwealth Bank has claimed.

Banks safest place for cash post-crisis

Wed, 10 Jun 2009 14:00:00 GMT

Bank term deposits, savings accounts and current accounts are still considered the safest place to put spare cash as the economic crisis begins to lift, a new study from Westpac Melbourne Institute has found.

Investors 'need to think long term'

Wed, 03 Jun 2009 14:00:00 GMT

With the Australian stock market still looking decidedly shaky, many investors may be rightly anxious about the health of their retirement savings.

Term deposits the only low-risk alternative to low rates

Sun, 31 May 2009 14:00:00 GMT

Term deposits are the only low-risk alternative to savings accounts as typical interest rates take a battering, the Sydney Morning Herald's resident money expert has claimed.

Home loan funds call for end to bank term deposits and savings accounts

Thu, 28 May 2009 14:00:00 GMT

The managers of investment funds linked to home loan and commercial property loan products have urged the government to reconsider their guarantee of all bank term deposits and bank savings accounts.

Term deposits a better bet punt than supers

Thu, 21 May 2009 14:00:00 GMT

Consumers are still better off ploughing their spare cash into a term deposit than betting on their super, one investment expert advises.

Aussies hit hard by banking fees

Wed, 20 May 2009 14:00:00 GMT

In 2008, banks took a record $11.6 billion in charges doled out to consumers and businesses which had fallen behind on debt payments, the latest figures from the Reserve Bank of Australia show.

Savings back in favour with cash-strapped Aussies

Wed, 20 May 2009 14:00:00 GMT

It took a global financial shock of a size not seen since the Great Depression, but Australians are finally saving once more, new figures show.

Selecting term deposits 'needs to be careful process'

Tue, 19 May 2009 14:00:00 GMT

With competition in the term deposit market hotting up, those on the search for such a financial product need to do so with care.

Aussie banks warned to cut back on lending

Mon, 18 May 2009 14:00:00 GMT

Banks in Australia are being told to rein in their lending or face having their credit rating downgraded, it has emerged.

Term deposits 'trumped shares in 2008'

Sun, 17 May 2009 14:00:00 GMT

In private investment history, 2008 will go down as the year that cash became king, one commentator has surmised.

Investors 'clamouring' for bank term deposits

Sun, 10 May 2009 14:00:00 GMT

Bank term deposits are becoming a favoured investment vehicle for Aussies who are decidedly sceptical about the health of the stock market, PM Capital's investment chief has announced.

Bankwest losing ground in term deposit market

Thu, 30 Apr 2009 14:00:00 GMT

Bankwest is seeing the number of people putting cash into its bank term deposits dwindle, new data shows.

Bonds 'a better bet than bank term deposits'

Mon, 27 Apr 2009 14:00:00 GMT

Although it takes some pluck to be keen on investing in the stock market at the moment, the Courier Mail reports that there are some bargains to be had if you know where to look.

Term deposit rates take a tumble

Mon, 30 Mar 2009 14:00:00 GMT

While banks are continuing to pledge their commitment to interest rate cuts with new low-interest home loans, they are also slashing their term deposit rates too.

Small term deposit rates 'better than nothing'

Mon, 09 Mar 2009 13:00:00 GMT

Savers should be wholly focused on keeping hold of their cash in the current financial climate - and they could do a lot worse than parking it in a bank term deposit, the Sydney Morning Herald asserts.

Dire returns for depositors

Thu, 01 Jan 2009 13:00:00 GMT

Homeowners breathing a sigh of relief as new low interest home loans flood the market following the Reserve Bank's rate-cutting frenzy in the last quarter of 2008 may want to keep an eye on their term deposits.

Save to survive redundancy

Tue, 11 Nov 2008 13:00:00 GMT

As the likelihood of widespread redundancies increases, one money expert has urged Aussies to stash cash in short-term deposits.

Cautious consumers flock to deposit accounts

Wed, 08 Oct 2008 14:00:00 GMT

As anxious nail-biting continues in banks across the globe, many Australians have been flocking to store their cash in the best term deposits on the market, new stats show.

Variable rate deals 'are the way to go'

Tue, 09 Sep 2008 14:00:00 GMT

With the interest rate cut for the first time in seven years, mortgage experts have advised that variable rate home loan deals will give the best value for money.