The major banks have slashed their deposits and savings rates, just days before the RBA will announce the nation’s official cash rate ... Bank of Melbourne have also reduced their special term ...

In some cases, you could end up losing money if the bank holding ... a type of deposit account that offers a guaranteed interest rate in exchange for investing your money for a set term ...

Source: AAP CBA has cut several of its term deposit specials, with its 6-month, 10-month and 12-month specials cut by 0.10 per cent. The major bank’s highest available rate is now its 10-month at 4.50 ...

More than 20 banks have cut at least one term deposit rate over the last two weeks, Canstar research found, including the major banks. Westpac has cut its 11-month special rate by 0.05 per cent ...

Australia’s major banks—Commonwealth Bank, Westpac, ANZ, and National Australia Bank—announced 25 basis point interest rate cuts on ... Westpac: Home loan and deposit rates will be lowered ...

Between tech busts, a financial crisis and a pandemic, not to mention periods of too little inflation and too much, the nation’s central bank has used short-term ... this history as a handy ...

As the Australian market experiences fluctuations, with shares expected to dip slightly following a recent strong trading day, investors are closely watching global economic cues and local ...

The Reserve Bank of Australia cut the cash rate for the first time since November 2020 by a quarter-point to 4.1% last month. Sign up here. Commonwealth Bank (CBA.AX), opens new tab CEO Matt Comyn ...

A 3-year fixed deposit (FD) can be a good option for investors who don't need immediate returns, but want them in the short term. These FDs offer ... Punjab National Bank is offering a 7.50 per cent ...

TERM DEPOSIT ... the central bank. However, it was below the P119.864 billion in bids for the seven-day deposits offered last week. Banks asked for yields of 5.5% to 5.775% against 5.745% to 5.78% a ...

Reserve Bank of Australia deputy governor Andrew Hauser has justified last month’s interest rate cut by releasing ... to the target range in the near term – if anything, a little more rapidly ...

The European Central Bank (ECB) has announced another quarter-point interest rate cut, as investors expected, marking its sixth reduction since it began its easing cycle last year. The ECB said on ...