term deposits

12-month TD rate hits 3 per cent

The top rate for a 12-month term deposit has cracked 3 per cent, after being stuck at 2.8 per cent for months. With rates going up by as much as 44 basis points, it is a good time for savers

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Term deposit competition heats up

Term deposit rates have been on the rise for past few months, as banks seek to avoid rising wholesale funding rates by increasing the proportion of deposits funding their loan books. According to the latest Mozo Banking Roundup, May was

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TD rates rise

There were more term deposit rate increases than decreases in March, only the second month in the past 18 when that has been the case, according to the latest Mozo Banking Roundup. ME leads the market with several of its

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Fintech streamlines TD and fixed income investment

The merger of a trustee company and a fintech has led to the formation of an online one-stop shop for term deposits and other fixed income investments. Trustees Australia, an ASX-listed company that has been involved in a mix of

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ME loses at-call rate leadership

The long-term interest rate leader in the at-call deposit market, ME, has lost its top rating, after cutting the ongoing bonus rate on its Online Savings Account last month. ME was offering 3.05 per cent (a base rate of 1.3

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TD rates continue their slide

Term deposit rates continued to fall in July, with more than a dozen deposit-taking institutions cutting rates across a range of terms. While most cuts were between five and 15 basis points, there were some bigger moves, according to the

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Consistency the key to a good term deposit provider

Investors have to work hard to find value in the term deposit market. While there has been no change in the Reserve Bank’s cash rate since August last year, comparison site Canstar says 33 deposit-taking institutions have lowered rates since

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TD rates continue their slide

Term deposit rates continued to trend down in May, with more than a dozen deposit-taking institutions cutting rates, while only a handful increased rates. According to the latest Mozo Banking Roundup, the rate cutters included AMP Bank, Arab Bank, Bank

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Upward movement in the TD market

The term deposit market showed some signs of upward rate movement in March with several small financial institutions increasing their term deposit rates. According to the latest Mozo Banking Roundup, there were more term deposit rate increases in March than

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TD rates rise

There were more term deposit rate increases than decreases in March, only the second month in the past

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