Judo Bank has opted to increase its six-month term deposit rate to 2.12% p.a. today, joining several other banks that have hiked rates following this month’s surprise RBA cut. The 2020 Mozo Experts Choice Award winner now offers rates of between 2.05% p.a. and 2.15% p.a. on three month to five year terms.
Read More
It’s no secret savings rates have been plummeting non-stop over the past year, but this time round, the big banks seem to have bucked the trend.
Read More
If you’re looking to save for a rainy day, then chances are you’ve thought about locking some cash away in a term deposit.
Read More
The Reserve Bank’s continuous cuts to the official cash rate over the past 10 years, have left interest rates for term deposits, savings accounts and home loans at an all time low. While back in 2011 you could easily snag a term deposit with an interest rate over 6% p.a., these days you will be hard put to find one higher than 2%*.
Read More
Each year, the team at Mozo combs through hundreds of savings accounts and term deposits and recognises the ones that offer top-notch value as part of the Mozo Experts Choice Awards.
Read More
If you’re a committed saver, then chances are you don’t mind keeping your savings stored away, which is why a term deposit might be on your radar.
Read More
Heard of Judo Bank? Well, if you have or if you haven’t, it’s a name that you’ll be hearing more and more about.
Read More
Challenger bank Judo Bank has today unveiled a host of term deposit rate changes, chief among them a 0.25% increase to its five year term deposit rate which now sits at 2.50%.
Read More
Aussie long-term savers, you’re in for some bad news: in light of multiple Reserve Bank cuts this year, term deposit rates have tumbled once again, with big bank NAB today announcing another series of cuts between 10 to 20 basis points.
Read More
If you’ve got some spare cash you’d like to invest, locking it away in a term deposit is a surefire way to see it grow. But did you know that setting up a term deposit can sometimes come with hidden costs?
Read More