Term deposits April snapshot: Judo Bank leads the way
If you were following term deposit rates in April, then your head is probably in a bit of a spin.
Qudos Bank ups term deposit rates, eases economic pressure
Kudos go to Qudos Bank this morning, as it increases three to twelve month term deposit rates amidst the COVID-19 crisis.
1-year term deposit rates on the rise with emergency RBA cut
One 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.
Bummed about Easter indoors? Plan for next year with a term deposit!
Aussies love a long weekend. But this Easter things are looking a little different than the usual four-day getaways, easter-egg hunts and long lunches with the extended family.
4 tips for getting food and booze delivered to your door this Easter
Your 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.
Term deposit benefits and pitfalls to know before you stash your cash
It’s understandable if you’re becoming increasingly cautious about where to store your hard-earned nest egg in 2020. The March RBA rate cuts and uncertain economic environment hasn’t been kind to savers, even with some banks recently giving term deposits a boost.
Judo Bank unveils market leading 6 month term deposit rate of 2.12%
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.
Where to stash your savings after big banks boost term deposit rates
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.
Term deposit rate slash frenzy: 50 lenders cut since February
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.
Are term deposits worth it in 2020?
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%*.