Term Deposit Review – September 2019
September proved to be a busy month for the TD market and a very poor month for TD investors, with all banks slashing offerings across all tenors in anticipation of the RBA’s subsequent rate cut, which saw the cash rate lowered by 25 basis points to 0.75%. BOQ (-0.35%) and BEN (-0.30%) led the way, aggressively cutting their short-term (ST) [...]
