Mozo term deposit news and advice

Aussies 'live longer than almost anyone else'

Thu, 10 Nov 2011 13:00:00 GMT

Aussies may have more need for savings in term deposit accounts during their retirement than people in other countries in light of recent figures suggesting that their life expectancy is very high.

Aussies 'should diversify term deposit investments'

Wed, 19 Oct 2011 13:00:00 GMT

People who use term deposits should try to ensure they have a range of different maturities and opt for longer terms when possible, an expert has stated.

RBA: Banks in Australia "more resilient" than Europe's

Tue, 18 Oct 2011 13:00:00 GMT

Aussies with term deposits may be encouraged by the assertion of a senior official at the Reserve Bank of Australia (RBA) that the nation's financial institutions are "more resilient" than those in Europe.

Aussies 'should think carefully about what they need from savings products'

Sun, 16 Oct 2011 13:00:00 GMT

Aussies considering putting funds away in savings accounts or term deposits should take some time to think carefully about what they need from these products, an expert has recommended.

Setting funds aside as cash 'provides security'

Wed, 12 Oct 2011 13:00:00 GMT

Aussies that put cash aside in savings accounts and term deposits could provide themselves with a buffer in the event of another global financial crisis, an expert has asserted.

Investing in shares requires ten years for a good return

Wed, 05 Oct 2011 13:00:00 GMT

Aussies with capital to invest may be considering purchasing shares, but they have been warned that they could be likely to have to wait for ten years to see results.

Households 'likely to remain cautious'

Mon, 19 Sep 2011 14:00:00 GMT

Term deposits may continue to prove popular savings products as Aussie households are unlikely to remain cautious with their money in the coming months, according to the Reserve Bank of Australia (RBA).

ING Direct term deposits available through Australia Post outlets

Sun, 11 Sep 2011 14:00:00 GMT

Aussies banking with ING Direct may want to consider taking advantage of the branchless bank's latest term deposit offering, which will now be accessible through Australia Post outlets.

Cost of retiring soars $1,000 a year

Thu, 08 Sep 2011 14:00:00 GMT

Aussies hoping to retire comfortably may want to start thinking about opening term deposits to put away some funds for a rainy day in light of new figures indicating an increase in the cost of retiring.

Aussies to open term deposits before rate cut

Tue, 06 Sep 2011 14:00:00 GMT

Aussies might be tempted to open up term deposits to start saving in the coming months as the expectation that the cash rate will be reduced intensifies, an expert has asserted.

ANZ unveils new range of term deposits

Thu, 01 Sep 2011 14:00:00 GMT

ANZ's specialist investment firm OnePath has launched a new range of term deposit accounts designed to appeal to cautious investors.

Term deposits "a crucial refuge for investors and consumers"

Thu, 25 Aug 2011 14:00:00 GMT

Term deposits remain an important investment option for Aussies, particularly in light of the global financial crisis and volatility of the world's markets.

Reduction in interest rates for term deposits 'unlikely to deter savers'

Thu, 18 Aug 2011 14:00:00 GMT

Aussies are unlikely to forgo putting cash into term deposits in the coming months, despite the recent cutting of interest rates by a number of financial institutions, it has been claimed.

Stock market troubles to prompt more cautious investments?

Thu, 18 Aug 2011 14:00:00 GMT

At the end of trading yesterday (August 18th), the S&P/ASX 200 index closed 3.5 per cent down after hitting a six-day low, something that may tempt investors to look for more secure options than the stock market, such as term deposits.

Six banks cut term deposit rates

Tue, 16 Aug 2011 14:00:00 GMT

Aussies thinking of investing their money in term deposits may want to compare the interest rates on offer as six banks and building societies recently reduced their rates.

Slow profits at Westpac but term deposits stay strong

Mon, 15 Aug 2011 14:00:00 GMT

Aussies appear to remain committed to term deposits as Westpac announced a two per cent dip in its third quarter profits yet observed growth in these savings accounts.

Mozo highlights best savings packages

Sun, 14 Aug 2011 14:00:00 GMT

Aussies who are in a pickle over whether to lump their money into savings accounts or term deposits have been issued a helping hand by Mozo.

Australians 'will be hard to tempt away from term deposits'

Thu, 04 Aug 2011 14:00:00 GMT

The safety offered by term deposits may mean that it is difficult to persuade Australian investors to risk their money in shares, an expert has stated.

Aussies with term deposits 'would benefit from interest rates hike'

Wed, 03 Aug 2011 14:00:00 GMT

While many groups have been emphasising the negative impact a hike in interest rates would have on those with home loans, one expert has observed that people with term deposits and savings accounts but no mortgage would benefit from a hike.

Term deposits 'a useful element in investment portfolios'

Sun, 31 Jul 2011 14:00:00 GMT

Term deposits have been recommended to investors hoping to develop a diverse portfolio.

Cautious investors 'unwilling to abandon term deposits'

Wed, 27 Jul 2011 14:00:00 GMT

Term deposits are currently viewed as a safe way to save money by many investors in Australia, an expert has suggested.

Term deposits 'attractive during uncertain economic times'

Sun, 24 Jul 2011 14:00:00 GMT

Term deposits are proving an attractive investment prospect for Australians who are uncertain about their financial future and concerned about risking their hard-earned cash.

Savings accounts and term deposits 'used more extensively'

Mon, 18 Jul 2011 14:00:00 GMT

Aussies are using savings accounts and term deposits more extensively than they have done for 20 years, according to the Australian Bankers' Association (ABA).

Aussies urged to compare term deposits

Tue, 12 Jul 2011 14:00:00 GMT

Aussies hoping to get the most out of money put in term deposits have been urged to ensure they check on the deals they are getting when the time comes to consider whether or not they allow them to roll over.

Term deposits 'good for short-term investments'

Tue, 28 Jun 2011 14:00:00 GMT

Investing in term deposits may be an effective and safe way for Aussies with some spare money to store their cash and accrue interest, it has been suggested.

Term deposit with high interest rates 'tempt Aussies'

Mon, 20 Jun 2011 14:00:00 GMT

With high interest rates available on term deposits, Aussies may be increasingly drawn to this safe way to store their money.

Term deposits 'should be split up'

Sun, 19 Jun 2011 14:00:00 GMT

Aussie investors should put cash into a number of different term deposits that mature at a variety of times, it has been suggested.

Term deposits popular with cautious investors?

Thu, 16 Jun 2011 14:00:00 GMT

With many Australians tightening their belts, those who have money to put away for a rainy day may be more inclined to invest their cash in a safe place - such as a term deposit - rather than speculate on more risky investments.

Term deposits 'a good low-risk option'

Tue, 14 Jun 2011 14:00:00 GMT

Term deposits may prove an attractive option to those who want to benefit from secure investments, an expert has suggested.

Interest rates on term deposits expected to drop

Thu, 09 Jun 2011 14:00:00 GMT

Aussies may have to spend more time comparing term deposits to get the best interest rates in the future as one expert has claimed rates are expected to decline in the next six to 12 months.

Aussies 'are choosing to save'

Tue, 31 May 2011 14:00:00 GMT

Demand for term deposits may be on the rise in light of Treasurer Wayne Swan's recent assertion that Aussies are opting to save their money.

Aussies 'are losing money by not comparing deals online'

Mon, 23 May 2011 14:00:00 GMT

In a lesson that may also apply to those considering opening a term deposit, Aussies have been advised to ensure they check online for the best deals when getting a broadband connection.

Aussies experience 3.8 per cent wage increase

Tue, 17 May 2011 14:00:00 GMT

The overall increase in wages in Australia over the last year was 3.8 per cent, new data reveals, which may mean some have more cash to store in term deposits.

Investors 'should consider longer term deposits'

Wed, 11 May 2011 14:00:00 GMT

Term deposits that tie up funds for between one year and three may be sensible options for some investors, an expert has stated.

Unexpected windfalls 'should be put in term deposits'

Sun, 08 May 2011 14:00:00 GMT

Those fortunate enough to receive a large amount of money all at once have been advised to put their cash into a term deposit.

Aussies 'are still saving despite high prices'

Mon, 02 May 2011 14:00:00 GMT

The rising cost of living and soaring fuel prices have not deterred Aussies from putting their money into term deposits and savings accounts, it has been claimed.

Term deposits 'are still a popular choice'

Mon, 25 Apr 2011 14:00:00 GMT

Australians have about $2.3 billion in term deposits at the moment, recent figures have revealed.

Term deposits a better option in light of falling rates at banks?

Wed, 20 Apr 2011 14:00:00 GMT

More Australian consumers could be looking at utilising term deposits, as standard bank accounts have witnessed falling interest.

Term deposits 'will yield more than international equities'

Thu, 14 Apr 2011 14:00:00 GMT

Aussies trying to decide what to do with their savings might consider going online to compare term deposits in light of one expert's comments.

Term deposits 'will yield more than international equities'

Thu, 14 Apr 2011 14:00:00 GMT

Aussies trying to decide what to do with their savings might consider going online to compare term deposits in light of one expert's comments.

Term deposits 'can be used to manage pension payments'

Sun, 10 Apr 2011 14:00:00 GMT

Older Australians who are thinking about their pensions might consider using term deposits to help them manage their funds.

Term deposits 'offer a good return on investment'

Tue, 05 Apr 2011 14:00:00 GMT

Putting funds into term deposits could be an effective way to secure a good return on investment for Australians, it has been claimed.

Lotto winner advised to put cash in term deposit

Thu, 31 Mar 2011 13:00:00 GMT

The winner of a $2 million Lotto jackpot has been advised by one expert to consider putting the cash into a term deposit.

Australia's rich 'turn to term deposits'

Thu, 24 Mar 2011 13:00:00 GMT

The richest people in Australia appear to be favouring term deposits, with research revealing that in the 12 months to December 2010 they shifted cash away from residential property investments in favour of such products.

RaboDirect term deposit 'offers best interest rates'

Tue, 22 Mar 2011 13:00:00 GMT

Aussies going online to compare term deposits might want to consider opening an account with RaboDirect as the internet bank claims its new product is the best on the market.

Poker champ to put winnings in term deposit

Thu, 17 Mar 2011 13:00:00 GMT

The winner of the 888 Poker League grand final has revealed that more than half of his winnings will be placed in a term deposit.

CBA announces 'good progress' with modernisation

Mon, 14 Mar 2011 13:00:00 GMT

Term deposit accounts are among those moved on to a new platform by the Commonwealth Bank of Australia (CBA).

Term deposit 'helped woman buy car and house'

Tue, 08 Mar 2011 13:00:00 GMT

A term deposit helped one businesswoman to purchase her first house and car.

Term deposits 'might offer the best interest rates'

Mon, 07 Mar 2011 13:00:00 GMT

Term deposits could offer some of the highest interest rates around for those looking for savings accounts, it has been suggested.

NAB offers flood victims $15m worth of assistance

Wed, 16 Feb 2011 13:00:00 GMT

The National Australia Bank (NAB) has announced it is to offer customers and communities affected by the recent flooding in Queensland $15 million worth of financial assistance.

New deal creates Australia's biggest superannuation scheme

Mon, 14 Feb 2011 13:00:00 GMT

Plans for what will be the biggest merger of superannuation schemes in Australian history have finally been unveiled.

Term deposits 'offer better returns' than government bonds

Wed, 09 Feb 2011 13:00:00 GMT

Australian savers and investors aiming to add more "defensive assets" to their super or non-super portfolios this year should look to compare term deposits in search of strong returns, it has been suggested.

Yellow Brick Road launches new term deposit option

Mon, 07 Feb 2011 13:00:00 GMT

Yellow Brick Road claims to have stepped up its challenge to the major banks' "oligopoly" after becoming the first non-bank in Australia to offer term deposits.

Cyclone-hit residents get bank support

Thu, 03 Feb 2011 13:00:00 GMT

Australian banks have announced emergency relief packages for customers adversely affected by Cyclone Yasi.

Savers seek 'secure products' like term deposits

Tue, 01 Feb 2011 13:00:00 GMT

Australian savers and investors are increasingly on the look-out for "low-fee, secure products" in which to deposit their cash, new research shows.

Compare term deposits as rates shift, retirees advised

Sun, 30 Jan 2011 13:00:00 GMT

Australian retirees have been urged to compare term deposits in order to make the most of the "good" financial trends this year.

Aussies 'must account for retirement saving shortfall'

Tue, 25 Jan 2011 13:00:00 GMT

Australia's ageing baby boomers must act now to account for the huge shortfall in their retirement savings, it has been suggested.

Term deposits 'increasingly favoured over shares'

Mon, 24 Jan 2011 13:00:00 GMT

Australian savers and investors are increasingly turning away from the share market in favour of the stability of cash and term deposits, a commentator has observed.

Term deposit investment 'important in uncertain times'

Thu, 20 Jan 2011 13:00:00 GMT

Australian savers and investors have been advised to compare term deposits and develop a mixed portfolio of assets during the current period of economic uncertainty.

Term deposit rates tipped to remain strong

Tue, 18 Jan 2011 13:00:00 GMT

Australian term deposit returns will remain strong in 2011 given that interest rates are tipped to rise, an expert has said.

Retirement savers urged to 'overestimate'

Thu, 13 Jan 2011 13:00:00 GMT

Australians developing savings strategies for their retirements should err on the side of caution, an expert has said.

More than 170 branches close amid flood disaster

Tue, 11 Jan 2011 13:00:00 GMT

Financial services in Queensland have been severely hit by the flood disaster, with more than 170 branches having closed from the Sunshine Coast to Brisbane's CBD.

Aussies advised to get saving now with Christmas Club accounts

Sun, 09 Jan 2011 13:00:00 GMT

Australian consumers have been advised to start saving now for the next festive season.

Future parents 'should grow their long-term savings'

Wed, 05 Jan 2011 13:00:00 GMT

Young Australians planning to have a family in the future should aim to grow their money in long-term savings options, it has been suggested.

Australians urged to get 'balance' right in their savings

Mon, 03 Jan 2011 13:00:00 GMT

Australians have been advised to get a good balance in their investments when saving up for the long-term.

Australians urged to invest in 'safe' term deposits

Wed, 29 Dec 2010 13:00:00 GMT

Australian savers and investors have been advised to consider safer options for their cash such as term deposits.

Savers get a boost from new 'rental history' rules

Thu, 23 Dec 2010 13:00:00 GMT

Australians struggling to get a foot on the property ladder have been given a boost after a major lender confirmed it will accept rental history as evidence of savings.

Term deposit 'resolution' suggested for New Year

Tue, 21 Dec 2010 13:00:00 GMT

Australian savers and investors have been urged to compare term deposits and consider their options this New Year.

'Consistent pricing' benefits term deposit holders

Sun, 19 Dec 2010 13:00:00 GMT

Australian term deposit holders have benefited from more consistent pricing patterns on their funds this year, it has been reported.

Savers get a boost from low-cost super package

Thu, 16 Dec 2010 13:00:00 GMT

The superannuation industry has lent its backing to the federal government's new "low-cost, no-frills" MySuper scheme for workers.

NAB points to term deposit offerings in rates defence

Wed, 15 Dec 2010 13:00:00 GMT

National Australia Bank has defended its decision to raise lending rates above the Reserve Bank's (RBA) official increase last month.

Savers have profited in post-GFC Oz, says Henry

Tue, 14 Dec 2010 13:00:00 GMT

Term deposit holders have benefited from rising returns since the onset of the global financial crisis (GFC), treasury secretary Ken Henry has said.

Term deposits 'should be a savings consideration'

Mon, 13 Dec 2010 13:00:00 GMT

Australians should compare term deposits and other high interest accounts when developing savings goals, it has been argued.

Mozo: Rate your bank for charity

Sun, 12 Dec 2010 13:00:00 GMT

Online comparison service mozo.com.au is urging Australians to rate their banks for charity this December.

Aussies focused on saving up this Christmas

Thu, 09 Dec 2010 13:00:00 GMT

Aussie consumers are more concerned with saving rather than spending this Christmas, new research has found.

Savings rise thanks to 'risk-averse' households

Wed, 08 Dec 2010 13:00:00 GMT

Australia's "risk-averse" households have given the country a major savings boost, the Reserve Bank (RBA) has said.

Term deposit benefit offered to flood victims

Tue, 07 Dec 2010 13:00:00 GMT

The Commonwealth Bank (CBA) has announced details of a "special emergency assistance package" aimed at helping people affected by the flooding in New South Wales and Queensland.

Australians save up at record levels

Wed, 01 Dec 2010 13:00:00 GMT

Australians are saving up at a rate not seen for over two decades, new figures show.

Term deposit 'war' is hurting banks, says RBA

Tue, 30 Nov 2010 13:00:00 GMT

The fierce competition among the banks for retail deposits is driving up their funding costs, the Reserve Bank (RBA) has said.

RBA urges Aussies to save while times are good

Mon, 29 Nov 2010 13:00:00 GMT

The Reserve Bank (RBA) has called on Australians to save up during the current age of "prosperity".

Banks have been disloyal on term deposits, says Mozo

Sun, 28 Nov 2010 13:00:00 GMT

Financial comparison website mozo.com.au has criticised the major banks for failing to raise term deposit rates following the lift in the official cash rate earlier this month.

Term deposit savers offered new option from CBA

Thu, 25 Nov 2010 13:00:00 GMT

Term deposit savers will likely be attracted to a new investment option from the Commonwealth Bank (CBA), it has been suggested.

Aussies urged to put savings into social projects

Wed, 24 Nov 2010 13:00:00 GMT

The government of New South Wales is to encourage Australians to put money into non-government social programs aimed at providing benefits to both savers and the community.

Term deposit 'veterans' offered rates warning

Tue, 23 Nov 2010 13:00:00 GMT

Aussie consumers may be getting inferior returns if they allow term deposit savings to be rolled over into another account, a commentator has warned.

Investors buoyed by dividend prospects at TechnologyOne

Mon, 22 Nov 2010 13:00:00 GMT

Investors in Brisbane-based software company TechnologyOne have been buoyed by the prospect of continuing strong returns after it announced an additional special dividend to go with impressive profit growth for 2010.

Maritime adopts term deposit model for new option

Sun, 21 Nov 2010 13:00:00 GMT

Maritime Super has announced the launch of a new fixed-term investment option from next month in a move aimed at combining superannuation savings with retail returns.

Term deposit holders benefiting from competition, says RBA

Thu, 18 Nov 2010 13:00:00 GMT

Term deposit holders are benefiting from a shift in the nature of competition within the banking sector, a Reserve Bank (RBA) official has said.

Retirees lack sufficient super savings

Wed, 17 Nov 2010 13:00:00 GMT

A significant proportion of Australian retirees lack the superannuation savings needed to have a comfortable retirement, new research shows.

Aussie wages rise but jobs outlook still mixed

Tue, 16 Nov 2010 13:00:00 GMT

Australian wages rose last quarter, though mixed signals are emerging from other areas of the jobs market.

Intuition can guide investments, says expert

Mon, 15 Nov 2010 13:00:00 GMT

People can call on their intuition to help make good investment decisions, an expert has claimed.

Bank shares 'are good long-term investments'

Sun, 14 Nov 2010 13:00:00 GMT

Shares in Australia's major banks offer strong long-term returns that can offset the borrowing pain caused by rising interest rates, it has been suggested.

QR National float tempts retiree to invest $40,000

Thu, 11 Nov 2010 13:00:00 GMT

The estimated $6 billion share market float and privitisation of coal rail freight business QR National has tempted one self-funded retiree to invest $40,000 in the company.

Aussie investors turn to USA

Wed, 10 Nov 2010 13:00:00 GMT

The rising Australian dollar has led to a surge in investor interest in the US property market, it has been observed.

Term deposits are preferred over managed investments, report shows

Mon, 08 Nov 2010 13:00:00 GMT

Term deposits are still proving to be a popular choice for investors all over the country, a new report has suggested.

Expert recognises competitiveness of term deposits

Sun, 07 Nov 2010 13:00:00 GMT

Australian investors could be encouraged to look into bank terms deposits as a viable option following the recent comments of one industry expert.

Term deposit growth causes 'slight decline' in masterfund inflows

Thu, 04 Nov 2010 13:00:00 GMT

The growing popularity of term deposits is partly behind the slight drop-off in new client dollars moving into the masterfund market, it has been suggested.

Shorten aims to grow retirement savings

Wed, 03 Nov 2010 13:00:00 GMT

Bill Shorten, the financial services minister, has spoken of the benefits of Labor's plan to boost retirement savings by gradually lifting the compulsory super guarantee.

DIY super funds grow in popularity

Tue, 02 Nov 2010 13:00:00 GMT

Australian investors are becoming more aware about the benefits of self-managed super funds (SMSF), an expert has said.

BT Investment: Term deposits seen as safer option

Mon, 01 Nov 2010 13:00:00 GMT

Many Australians are continuing to invest their funds in term deposits rather than shares in light of the ongoing uncertainty surrounding global markets, BT Investment Management has said.

Positive outlook for Aussie share market after two-month climb

Sun, 31 Oct 2010 13:00:00 GMT

The outlook for Australian shares remains positive after the market came through the "two bogey months" of September and October in growth, it has been observed.

Henry income tax reform 'was workable'

Thu, 28 Oct 2010 13:00:00 GMT

The federal government failed to implement major income tax reforms, including a lift in the tax-free threshold to $25,000, despite new data showing such plans were affordable.

Reckon points to booming term deposit market

Wed, 27 Oct 2010 13:00:00 GMT

The growth of term deposit accounts in Australia since the global financial crisis "has been remarkable", Reckon, the wealth management solutions provider, has said.

Strong Aussie dollar allows investors to 'make hay'

Tue, 26 Oct 2010 13:00:00 GMT

The high value of the Australian dollar is allowing investors to make a wide range of cheap offshore investments that offer the least amount of currency dislocation for more than 25 years, it has been observed.

Australians unwilling to pay big for term deposit advice

Mon, 25 Oct 2010 13:00:00 GMT

Australian investors are willing to pay only $300 upfront for receiving financial advice, a new study has found.

Term deposits 'a better option' than QR National float

Sun, 24 Oct 2010 13:00:00 GMT

Term deposits offer a more secure investment option than the current $6 billion share market float by coal rail freight business QR National, one commentator has said.

Super funds up 2.4% in September

Thu, 21 Oct 2010 13:00:00 GMT

Super funds went up by an average of 2.4 per cent in September, new figures show.

'$93-a-day childcare centre' to open in Sydney suburb

Wed, 20 Oct 2010 13:00:00 GMT

A "six-star" childcare facility costing up to $93-a-day is due to open in the Sydney suburb of Strathfield next month, it has been revealed.

Term deposits 'can help with first-time property buying'

Tue, 19 Oct 2010 13:00:00 GMT

Term deposits are a good option for first-time home buyers aiming to enter the property market within a relatively short period, it has been claimed.

OneVue encourages term deposit switching

Mon, 18 Oct 2010 13:00:00 GMT

OneVue, a service provider to the financial advice industry, has announced the launch of an "innovative, fully transactional term deposit hub" aimed at making term deposit switching easier.

Billions in idle super funds to be claimed by government

Sun, 17 Oct 2010 13:00:00 GMT

The federal government is set to claim billions of dollars from inactive or lost superannuation accounts over the coming years, it has been revealed.

Income level has major bearing on health, study finds

Thu, 14 Oct 2010 13:00:00 GMT

Money has a huge bearing on how healthy people are, new research suggests.

Term deposit competition likely to continue, says expert

Wed, 13 Oct 2010 13:00:00 GMT

Australia's banks appear set to continue competing for term deposits through strong interest rate offers, an expert has predicted.

AustralianSuper wins title of best superannuation fund

Tue, 12 Oct 2010 13:00:00 GMT

AustralianSuper, the country's biggest superannuation fund, has been awarded the title of fund of the year by SuperRatings.

ASIC aims to stamp out 'dubious' share offers

Mon, 11 Oct 2010 13:00:00 GMT

The Australian Securities and Investment Commission (ASIC) is aiming to take on companies who make below-market-value offers to shareholders.

Australian share market 'no longer overvalued'

Thu, 07 Oct 2010 13:00:00 GMT

Australian fund managers believe the market is no longer overvalued, suggesting now could be a good time to get back into equities, new research has found.

Australian disposable incomes soar to record highs

Mon, 04 Oct 2010 13:00:00 GMT

Australian disposable income and individual wealth has risen to hit record highs over the last ten years, new research shows.

Term deposits 'could offer a structure for mortgage funds'

Thu, 30 Sep 2010 14:00:00 GMT

Term deposits present a restructuring option for the more unstable area of mortgage funds, it has been suggested.

Australia's 'super rich' population grows by a third

Tue, 28 Sep 2010 14:00:00 GMT

The number of Australians classed as high-net-worth individuals (HNWIs) grew 34 per cent to 173,600 last year, new research shows.

AMP offers super members added term deposit option

Thu, 23 Sep 2010 14:00:00 GMT

AMP has confirmed that members of its super products will be able to add term deposits to their investment portfolios.

BoQ: Online banking makes it easier to compare term deposits

Thu, 16 Sep 2010 14:00:00 GMT

The rise of online banking has made it easier for consumers to compare term deposits and switch between institutions, Bank of Queensland (BoQ) chief financial officer Ewan Cameron has said.

Gold is the latest investment bubble, says billionaire

Wed, 15 Sep 2010 14:00:00 GMT

A billionaire investor has claimed that rapidly rising gold prices are creating "the ultimate bubble".

Sydney has country's richest people

Tue, 14 Sep 2010 14:00:00 GMT

Sydney is home to Australia's richest people by some distance, new figures show.

Financial planners lack term deposit knowledge, study finds

Sun, 12 Sep 2010 14:00:00 GMT

Australian financial planners require more education on term deposits, new research has claimed.

Suncorp and CUA ranked best for term deposits

Thu, 09 Sep 2010 14:00:00 GMT

Suncorp and CUA have been ranked as the best Australian institutions for taking up a term deposit.

Share market 'tests the patience' of Aussie investors

Mon, 06 Sep 2010 14:00:00 GMT

Sluggish growth in the Australian share market is testing the patience of investors, it has been suggested.

Term deposits prove a good option for 'excess investor cash'

Thu, 26 Aug 2010 14:00:00 GMT

Australia's self-managed super funds are currently home to about $34 billion in "excess cash", it has been revealed.

Super funds set for 'subdued performance'

Wed, 25 Aug 2010 14:00:00 GMT

Superannuation funds will struggle to grow their returns in the coming months, it has been suggested.

Abbott's super plan comes in for criticism

Thu, 19 Aug 2010 14:00:00 GMT

Superannuation industry bodies have slammed the Coalition's announcement that it will "not proceed" with proposals to lift the SG rate to 12 per cent.

Investors warned against 'Ponzi borrowing'

Mon, 16 Aug 2010 14:00:00 GMT

A prominent economic analyst has warned Australians against relying on "overvalued" property investments.

AFA calls for marriage 'cash bonus'

Wed, 11 Aug 2010 14:00:00 GMT

Australian couples who get and stay married should receive a special bonus, a lobby group representative has said.

Term deposits help Bendigo bank grow profits

Mon, 09 Aug 2010 14:00:00 GMT

The Bendigo and Adelaide Bank has seen its profits increase by 60 per cent after it was able to grow its funding share from term deposits.

Superannuation Guarantee lift 'a boost for future savers'

Thu, 05 Aug 2010 14:00:00 GMT

The federal government's plan to lift the Superannuation Guarantee (SG) to 12 per cent will prove to be a major benefit for savers, new research has claimed.

Investors return to 'boring' options

Tue, 03 Aug 2010 14:00:00 GMT

Australian investors may be returning to supposedly "boring" market opportunities like infrastructure stocks, it has been suggested.

Rising deposits lead to bumper bank balances

Sun, 01 Aug 2010 14:00:00 GMT

Customer bank deposits have risen by about $77 billion since the onset of the credit crunch, new figures show.

Term deposits holders urged to diversify

Thu, 29 Jul 2010 14:00:00 GMT

Term deposit holders have been advised to grow their capital returns by reinvesting in the recovering property fund market.

Compare term deposits for long-term interest highs, says expert

Tue, 20 Jul 2010 14:00:00 GMT

Investors should compare term deposits and "juggle" their savings plans in order to reap the best long-term returns, it has been suggested.

Term deposit outlook remains positive, says expert

Mon, 12 Jul 2010 14:00:00 GMT

Longer-term savers can expect to continue earning strong returns on their deposits this year, it has been suggested.

Bank deposits at record high as investors fear shaky markets

Sun, 11 Jul 2010 14:00:00 GMT

Bank deposits and mutual funds are now holding record amounts of cash as investors look to hoard their wealth rather than invest it in the risky global share market, new research shows.

Compare term deposits to earn tax-free interest, says banker

Mon, 05 Jul 2010 14:00:00 GMT

People looking for a good place to invest their spare funds should compare term deposits or online savings accounts, it has been suggested.

Super boost may be scrapped

Wed, 30 Jun 2010 14:00:00 GMT

The federal government may abandon proposals to bring in higher superannuation contributions as it looks to return the national budget to surplus, it has been revealed.

Rudd to bag $600,000 a year for life

Tue, 29 Jun 2010 14:00:00 GMT

Former prime minister Kevin Rudd is set to gain allowances of about $600,000 a year for the rest of his life when he leaves politics, it has been reported.

Gillard government to launch no-frills super scheme

Mon, 28 Jun 2010 14:00:00 GMT

The Gillard government will back plans for a no-frills superannuation scheme named MySuper, it has been revealed.

Super funds turn to term deposits for better returns

Thu, 24 Jun 2010 14:00:00 GMT

Superannuation funds and businesses are increasing their term deposit holdings as they look to secure strong returns from their growing assets, it has been observed.

Term deposits 'offer attractive returns'

Tue, 22 Jun 2010 14:00:00 GMT

Term deposits may be a worthy investment option at present given the mixed outlook for super accounts, it has been suggested.

Baby boomers to retire with few savings

Tue, 15 Jun 2010 14:00:00 GMT

Members of the baby boomer generation will have few savings to call on when they retire, a report has revealed.

Super funds take a $44bn hit

Sun, 13 Jun 2010 14:00:00 GMT

Volatility in the world's financial markets has wiped billions of dollars from Australians' superannuation savings in recent months.

Investors urged to make 'tax time' work for them

Tue, 08 Jun 2010 14:00:00 GMT

Investors have been urged to tackle their tax affairs ahead of the end of the financial year in 21 days time.

Some term deposit returns 'now higher than mortgage rates'

Sun, 06 Jun 2010 14:00:00 GMT

Some of Australia's banks are now offering higher interest on their term deposits than they are collecting on home loans, a commentator has observed.

Rudd government may 'water down' adviser fee reform

Wed, 02 Jun 2010 14:00:00 GMT

The federal government may water down rules relating to how often financial advisers have to get their clients' agreement to charge them regular fees, it has been revealed.

Australians urged to compare term deposits 'to avoid missing out'

Tue, 01 Jun 2010 14:00:00 GMT

Savers should compare term deposits to ensure they are getting the best returns on their money, it has been suggested.

Westfield boss tops Aussie rich list

Wed, 26 May 2010 14:00:00 GMT

Frank Lowy, the founder and chairman of the Westfield shopping centre chain, has been declared Australia's richest individual with an estimated wealth of $5.04 billion.

Super fund review to promote greater competition

Wed, 26 May 2010 14:00:00 GMT

Super funds will be required to be more transparent and accountable when reporting their financial affairs under recommendations to be issued in the final report of the Cooper Review next month.

Women 'failing to invest savings'

Wed, 26 May 2010 14:00:00 GMT

A growing number of Australian women are pushing themselves into higher income brackets as they climb the ranks of corporate Australia, yet they are continuing to fall down when it comes to managing their money, an expert has claimed.

New national register to reveal loans against property

Sun, 23 May 2010 14:00:00 GMT

The Personal Properties Register is to launch a new national register of debts and claims against personal property, it has been revealed.

Interest payouts 'were considerably down last year'

Wed, 19 May 2010 14:00:00 GMT

The interest paid out by Australia's major banks on savings accounts and term deposits last year was well down on the figure recorded in 2008, it has been revealed.

New expenses tax break 'could lead to workers losing out'

Sun, 16 May 2010 14:00:00 GMT

Workers risk losing out on a massive sum if they accept the federal government's new offer of a $500 standard tax deduction, an expert has warned.

Term deposit returns boosted by Budget tax cut

Tue, 11 May 2010 14:00:00 GMT

Australian term deposit holders are set to benefit from a new 50 per cent tax cut on the first $1,000 of interest earned on savings, which has been set out in the latest federal Budget.

Australians receive retirement savings boost

Wed, 05 May 2010 14:00:00 GMT

The Rudd government has announced it will deliver an "historic boost" to retirement savings through major reforms to superannuation banking.

Ord Minnett grows its share of term deposit market

Tue, 04 May 2010 14:00:00 GMT

Stockbroking firm Ord Minnett's entrance into the term deposit market has seen it raise more than $600 million in funds in the past six months, it has been revealed.

'Exotic assets' could be banned from super funds

Thu, 29 Apr 2010 14:00:00 GMT

Exotic assets like sports cars, racehorses and wine cellars will be banned from inclusion in self-managed super funds if recommendations from the recent Cooper review are adopted.

Savers set to benefit from tax breaks

Sun, 18 Apr 2010 14:00:00 GMT

The federal government is planning to bring in tax breaks for Australian bank accounts and deposits as part of a new savings scheme.

Australians are sitting on millions of dollars – literally

Tue, 13 Apr 2010 14:00:00 GMT

Millions of dollars in loose change are current rattling around the homes, cars, wallets and purses of today's Australians, a new survey has revealed.

Term deposit holders 'are benefiting from RBA rise'

Thu, 08 Apr 2010 14:00:00 GMT

Savers are benefiting from the rise in official interest rates thanks to high rates on term deposits, the Australian Bankers' Association (ABA) has said.

The rich are getting richer

Wed, 07 Apr 2010 14:00:00 GMT

Australia's richest workers have seen their wealth grow at much faster rate than average earners, it has been revealed.

Housing inheritance to reach $400 billion in 15 years

Wed, 31 Mar 2010 13:00:00 GMT

More than $400 billion worth of property assets are likely to change hands over the next 15 years as part of an unprecedented "baton change" of wealth between generations, a new study has found.

Banks 'are competing for term deposits'

Mon, 22 Mar 2010 13:00:00 GMT

The major Australian banks are offering good interest rates on term deposits as they compete for their customers' savings, a commentator has observed.

Tips for best term deposits given

Thu, 18 Mar 2010 13:00:00 GMT

Australians looking to find the best term deposit account to store their money have been offered advice on how to get a good deal for the long term.

'Mum and dad' stocks recommended

Wed, 17 Mar 2010 13:00:00 GMT

Australians looking to gain a steady return to put into their bank savings accounts could take up investing in a 'mum and dad' stock.

Australians urged to compare term deposits as interest rates are slashed

Mon, 15 Mar 2010 13:00:00 GMT

The big four banks have lowered interest rates on some of their fixed-term deposits, thereby reducing returns for savers.

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 13:00:00 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 13:00:00 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 13:00:00 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.