NAB cuts term deposit rates as savings squeeze tightens
NAB has trimmed its term deposit rates once more, continuing a downward spiral that began even before the Reserve Bank of Australia’s first cash rate cut in February 2025.
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Which low minimum balance term deposits have the highest rates?
Term deposits are a great way of locking up some cash and getting a guaranteed interest rate. However, high interest rates accounts can often have high deposit requirements.
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Window closing on term deposit rates as banks prep for May rate cut
Dozens of banks have cut their term deposit rates this week, an early indication that providers are confident of another rate cut after the Reserve Bank’s meeting in May.
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Judo Bank: the bank you’ve never heard of that’s hitting term deposits out of the park
It’s one of the smaller term deposit providers on the block, but Judo Bank certainly isn’t content with just blending in. This banking provider has consistently placed among the top five spots of term deposit providers we track.
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How are term deposits rates doing in April?
In bad news for savers, April term deposit rates in the 5% range are now rare for longer terms. This trend has accelerated following the RBA's recent decisions to reduce the cash rate, which is now feeding through to deposit products.
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CommBank, NAB, Westpac or ANZ - how do the big 4 term deposits compare?
Are you feeling the squeeze from continually high expenses? With the RBA reducing the cash rate to 4.10% (down 25 basis points), term deposit rates have also seen adjustments over the months since. Despite this change, a term deposit could still be your financial fortress, offering a way to lock your cash up with a high interest rate while it lasts.
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Why term deposits aren’t just for boomers
If you’re not in the financial comparison game like we are here at Mozo, you may be unaware that it’s a lot harder to get a high interest rate on your savings account without some kind of ‘condition’ attached.
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Get ahead of rate cuts in 2025 and maximise your savings with term deposit laddering
If you're looking to invest in term deposits in 2025, but want to balance higher returns with flexible access to your funds, ‘laddering’ could be the strategy you're looking for.
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CBA, NAB cut term deposit rates - is it time to switch?
Two of the Big 4 banks have begun trimming their term deposit rates in step with possible upcoming RBA cuts.
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Why now could be the right time to lock in a term deposit
If you’ve got some savings that you want to put aside for a rainy day, now might be a good time to consider a term deposit.
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