In a blow for savers and retirees, the major banks are offering their customers lower interest rates ahead of the Reserve ...

In a bid to realign deposit offerings, both Commonwealth Bank and Westpac announced reductions in their term deposit rates on Monday. Specifically, they have cut the rates by 10 basis points, now ...

Australia's four big banks Commonwealth ... BankSA and Bank of Melbourne have also reduced their special term deposit rates by 0.10 per cent for 11 months. They are now offering 4.50 per cent ...