
Term deposit rates continue to go south in February
According to Mozo data, term deposit rate cuts have become the norm after 22 providers reduced rates across a range of terms this month.
Read MoreAccording to Mozo data, term deposit rate cuts have become the norm after 22 providers reduced rates across a range of terms this month.
Read MoreAlways the rate chasers, here at Mozo we are constantly monitoring the term deposit market, so that we can pass on any key changes to Aussies looking to lock away their cash.
Read MoreOver the last few months of 2016, Mozo reported on a range of providers reducing term deposit rates by up to 0.85%, all despite the Reserve Bank keeping the cash rate on hold.
Read MoreThe lucrative term deposit interest rate hikes of up to 0.85% introduced by Australia’s biggest banks following August’s RBA rate cut have been short lived, as a large number of top rates were reduced last month, according to Mozo data.
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