Term deposit news and advice

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

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

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

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

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

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

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

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.

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

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

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

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

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

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.

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.

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

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 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 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.

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

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

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.

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.

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

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.

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.

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

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.

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.