Better safe than sorry: Is now the time to lock in a top notch term deposit?
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
Judo Bank reaches $1 billion in deposits and lends 95% of it back to small businesses
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
Judo Bank bucking the trend with new 2.50% term deposit rate
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
NAB slashes term deposit rates again: 55 banks cut this month in ‘race to the bottom’
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
Transferring money into an online term deposit? Watch out for this fee trap
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
6 places to store your savings with declining rates
With providers slashing rates left, right and centre since the July RBA rate cut, it’s become trickier than ever for Aussie savers to find a top notch place to stash their savings.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More