Term deposit news and advice - page 8

All the latest term deposit news and top tips to help you manage your term deposit.

Term deposit cuts accelerate following RBA rate cut

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 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.

Tackle climate change with the new Green Term Deposit from UBank

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.