TD rates fall below the cash rate
TD rates fall below the cash rate TD rates fall below the cash rate 02 March 2021 6:02AM Continuing strong deposit flows allowed banks and other ADIs to cut savings rates further in February, with short-term term deposit rates on offer from one bank dropping below the cash rate. Comparison site Mozo reported in its latest Banking Roundup that rates were cut on 37 at-call accounts last month, while 34 providers cut their TD rates. The top ongoing bonus rate is 1.35 per cent on ING’s Savings Maximiser, the top introductory rate is 1.75 per cent, which Rabobank is offering for four months, and...
Source: bankingday.com