Tags: Rural Bank

Welcome to week 2 of the ‘Mozo Answers Question of the Week’. Our Answers forum has been bombarded by questions about deposits this week, mainly centering on what the best rates are for both savings and term deposit accounts as well as the respective benefits of choosing a term deposit over a savings account and…

Term Deposit rate war declared

Westpac has just launched an astonishing 1 year term deposit rate this morning: 6.80%.  They’re not even waiting for the RBA announcement this afternoon. A 1 year rate of 6.8% is an enormous rate, bigger than any 1 year or even 2 year term deposit rate in the market.  Yesterday the best 1 year rate…

These days, most of us consider marrying a cousin to be a somewhat unhealthy move. First of all, it’s illegal, and secondly, people eventually start asking why your child has three heads and an uncanny ability to eat watermelon through a barbed wire fence. So it’s surprising to learn that the big banks have been…

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