Amazing news for savers

Commonwealth Bank has lifted the rates paid on some of its savings account products, despite a rate cut from the Reserve Bank of Australia.

Commonwealth Bank announced that Commonwealth Bank GoalSaver account customers will get 0.05 percentage point reward with the new rate climbing to 3.05 per cent.

Commonwealth Bank said it recognised the importance of savings income for retirees and young people and said other deposit product rates are under review.

Source: Bankheadlines.com.au

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