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The average interest rate on the major banks new deposits is currently slightly higher than the Reserve Bank of Australias official cash rate, compared with about 1.50 per cent below the cash rate before the onset of the global financial crisis. Read full article
ASIC released the results of its health check of the Australian term deposit market. Total term deposits in Australian Deposit Institutions (ADIs) grew by over 20 per cent from June 2008 to June 2009. Read full article
ASIC says dual pricing coupled with the potential for term deposits to rollover by default if the investor does not take action, creates a risk that a retail investor could inadvertently end up in a much lower interest term deposit. Read full article
High term deposit and savings interest rates are attracting more retail cash into Suncorp Bank. Read full article
Many investors may not realise what a great deal those high term deposit are says Shane Oliver, head of investment strategy at AMP. Read full article
27/08/2009 Rates to stay on hold, for now After months of falls in employment, there are some signs our job market may be turning the corner.
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Research from financial comparison experts InfoChoice shows that Australian consumers have short-changed themselves of more than $1 billion worth of interest in the past six months. Read full article
There has never been a better time to shop around for deposit accounts with some great offers outside of the big 4 banks. Read full article
In a competitive market where banks are fighting hard to win depositors cash, an excess number of cash accounts aggressively priced to offer decent returns are available... Read full article
The above products are some of the top rates available in the market. Based rates for a term deposit of $25,000.