What does this mean for investors? The post Major bank slashes interest rates 6 days ahead of RBA decision appeared first on ...

Household deposit growth has accelerated over the past two years. The post What's the outlook for household deposit growth ...

However, other deposit products – particularly online savings accounts – have barely moved since the Reserve Bank of Australia started lifting interest rates in May 2022.

National Australia Bank and ANZ followed on Monday, ... CLSA analyst Ed Henning said that he expected the major banks would reduce their term deposit rates further as RBA cut the cash rate.

Thus, CBA provided cover for National Australia Bank to drop term deposit rates on Monday by the same amount, and ANZ to shave 80 basis points from its deposit rates.

If more rate cuts come, already low term deposit yields could fall even more, leaving SMSFs and retirees with even fewer ...

The Australian Financial Review revealed on Tuesday that the Commonwealth Bank, National Australia Bank and ANZ all made super-sized cuts to term deposit rates in recent days, in some cases by up ...

NAB and CBA have cut their term deposit interest rates by up to 0.20 per cent and 0.15 per cent respectively. · Source: Getty NAB and Commonwealth Bank (CBA) have slashed their term deposit interest ...

A gauge of Australia’s monthly inflation cooled faster than anticipated in May, moving close to the bottom of the Reserve ...

The broker currently has a buy rating and $2.70 price target on its shares. Finally, Telstra could be another ASX dividend ...

Inflation pressures across the Australian economy continued to abate in May, setting the stage for a third cut in interest ...