We outline the various bank interest rates in Australia, ... Bank Interest Rates on Term Deposits. Qudos Bank: 5.20% fixed interest per annum for a term of 12 months.

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

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 ...

Term deposit rates are influenced by a range of factors, ... the cash rate has the biggest influence on interest rates and is moderated by the Reserve Bank of Australia (RBA).

Australia's competition regulator said on Friday that it would inquire about how banks have adjusted their interest rates for deposit accounts after a series of cash rate hikes over the past 12 ...

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.

At least, deposit rates never went negative in Australia as they did in various other countries. Better to be getting that $2.36 than minus , say, $23.60 a month.

With Australians banking over $1.4 trillion in savings accounts and term deposits, Treasurer Jim Chalmers tasked the ACCC in February with investigating how deposit rates were being set during the ...

I graphed the average online rate for a $10,000 deposit against the Reserve Bank's cash rate, going back to 2010. After seeing what that graph reveals, you'll want to call your bank, writes Peter ...

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.

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 ...