Pensioners to benefit from decreased deeming rates
Last Sunday, the Federal Government announced it would be cutting ‘deeming rates’ from 1.75% to 1.00% for small assets for the first time since 2015.
Term deposit cuts accelerate following RBA rate cut
While savings accounts mostly held strong in the lead up to the RBA rate cut, term deposits rates have been tumbling for months now. In April, we recorded a total of 35 institutions reducing term deposit rates. That number jumped up to 51 in May.
With the RBA rate cuts, Mozo experts say “we’re heading towards a recession”
With the RBA dragging the cash rate down to an all-time low of 1.25%, Aussies can inevitably expect to see their already low returns on savings suffer even more. It’s more important now than ever to snatch up a killer term deposit or high-interest savings account to give yourself the best chance of a good return.
ANZ cuts term deposit rates: 53 banks slash rates this month
Despite the RBA’s decision to hold off on cash rate cuts for this month, banks are still slashing term deposit rates left, right and centre, spelling bad news for long term savers.
Term deposits or savings accounts: where to park your inheritance revealed
When it comes to a lump sum of savings, self-managed super or even inheritance, it’s typically more fun to dream of ways to spend the money rather than working out whether a term deposit and savings account is the right place to stash it.
Tackle climate change with the new Green Term Deposit from UBank
The financially-savvy and environmentally-minded among us have reason to be happy this week. UBank has just introduced its new Green Term Deposit, giving Australians a chance to grow their savings while making a positive impact on the environment at the same time.
Term deposit rates continue to plunge, but there’s still time to get hold of a good one
If you’ve been following term deposits rates lately, you might think their gradual descent spells doom and gloom. After all, February marked the fifth month in a row that we saw more cuts to term deposit rates than we did increases.
Dual wins for AMP in Mozo Experts Choice Deposit Awards 2019
It’s that time of year again. The sixth Mozo Experts Choice Awards are well underway and our office is abuzz as we announce the top products in Australian banking.
UBank increase term deposit rates, here’s how much more you can earn
Beleaguered Aussie savers will be glad to hear that it's not all bad news when it comes to term deposit interest rates - although it's not great news either.
Term deposit wars heating up as market-leading rates announced
If you’ve been thinking of putting some money into a term deposit now might be the time, as Teachers Mutual Bank Limited and Gateway Bank have announced increases to their standard term deposit interest rates.