Comparison website Canstar said that since the start of the year, the number of cuts in term deposit interest rates across its panel of banks was more than double the number of rate increases over the same period.
Read more at The Age.
Banks have been trimming interest rates on term deposits in early 2020, new figures show, as returns to savers continue to be eroded by the global shift towards ultra-low interest rates.
by Shared by the Age | 9 Feb, 2020
Comparison website Canstar said that since the start of the year, the number of cuts in term deposit interest rates across its panel of banks was more than double the number of rate increases over the same period.
Read more at The Age.
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