Which banks have raised rates on term deposits?
Several banks have increased term deposit interest rates in the last month to attract new money.
Commonwealth Bank has raised its eight-month term deposit rate. Westpac has raised the nine-month term deposit rate. Bankwest has raised rates on four and 10 month terms. National Australia Bank has raised its 10 month term deposit rate. Macquarie Bank has raised rates on one and six month term deposits.
Source: The Age