Judo Bank tops three and six month term deposits
With MOVE Bank cutting interest rates by as much as 40 basis points today, term deposits have once again been shaken up.
Read MoreWith MOVE Bank cutting interest rates by as much as 40 basis points today, term deposits have once again been shaken up.
Read MoreTerm deposit rates at or above 2% are officially a thing of the past according to Mozo data*.
Read MoreFollowing pressure from the Australian Competition and Consumer Commission’s Covid-19 Taskforce (ACCC), Qantas made the decision late last week to refund passengers whose flights had been cancelled due to travel restrictions.
Read MoreTerm deposits certainly didn’t stand still in May with Mozo counting a whopping 500 individual interest rate cuts from 60 different banks and credit unions*.
Read MoreAustralian savers hardly need reminding of the steady fall in term deposit and savings account rates in recent years - a trend accelerated by five Reserve Bank cuts to the official cash rate in 12 months.
Read MoreA number of term deposits with rates towards the higher end of the market have been tweaked in recent days, including offers from Judo Bank, Rabobank and UBank.
Read MoreIf you were following term deposit rates in April, then your head is probably in a bit of a spin.
Read MoreKudos go to Qudos Bank this morning, as it increases three to twelve month term deposit rates amidst the COVID-19 crisis.
Read MoreOne month on from the Reserve Bank’s emergency cash rate cut in mid-March and something a little unexpected is happening in the world of savings. Amongst all the interest rate decreases, it would seem that one-year term deposit rates are actually increasing.
Read MoreYour Easter feast is going to be a little different this year. With strict COVID-19 social distancing measures now in place, you’ll undoubtedly have fewer partygoers at the table. You might also have to make do with a shorter grocery list or rely on home delivery if you’re quarantining.
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