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Money Market Rates
Money market rates during the past 12 months have been extremely volatile and change on a daily basis. Banks, Building Societies and Credit Union monitor these rates and use them to determine their own term deposit rates for the retail market. For many the rates also change on a daily basis and from time to time there are opportunities for savvy investors to snap great deals by being up to date with the money markets.
Disclaimer
This article is over two years old, last updated on December 17, 2008. While RateCity makes best efforts to update every important article regularly, the information in this piece may not be as relevant as it once was. Alternatively, please consider checking recent term deposits articles.
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