Consumer’s Savings Eyed By Big Banks

The big Australian retail banks are engaging in a fierce competition to gain more customers. This is a part of their desire to boost their deposits to finance their funding costs. The central bank has assertedf that due to the global financial crisis, wholesale funding for the global financial markets has been greatly reduced.
Fortunately, the [...]

Why Banks Have Reduced Their Interest Rates on Some Term Deposits

There is a constant clamor asking people to save, especially during these hard times. It is, therefore, disheartening to discover that the big four banks are lowering their interest rates on a few fixed-term deposits. Banks like NAB, Westpac and ANZ have reduced their interest rates on selected class of term deposits by 0.1 and [...]

A Timely Review Of Term Deposits

Savings is always good, but to maximize your potential earnings from it, you need to make a thorough and informed decision as to how best to save your money. If you opted for a term deposit so as to get a higher yield for your savings, you need to fully understand this particular account especially [...]

The Two Facets of Savings

The best way to save is when you are earning from it at the same time. In such a way, the money you set aside is not just gathering dust, but is actually used to make more money. This is why opening a bank savings account is much more beneficial. For those persons who wish [...]