Great time to invest in a term deposit account. Term deposit rates record high above money market rates! RateCity finds term deposit rates stabilising.
Banks set record term deposit rates
Rates to hold at 1.5 per cent until 2017
The cash rate is set to hold at 1.50 per cent at Tuesday’s Reserve Bank meeting, with the Board likely to sit on its hands until the August cut has had a chance to flow through the economy.
Rates to hold in June, but further cuts in 2016
The cash rate is set to hold at 1.75 per cent at Tuesday’s Reserve Bank meeting, with the board likely to sit on its hands until the May cut has a chance to flow through the economy.
Banks rake in $4.33 billion in avoidable fees
Australians forked out $4.33 billion in bank fees last year; cash that they could be keeping in their own pockets.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.