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RateCity's Rates of the Nation report, FY15 Q1
Updated on
Report key findings:
Interest rate movements across all categories, despite the cash rate on hold for more than a year
Home loans – some variable rate cuts made during the quarter, most movement among longer-term fixed interest rates, particularly 5-yr terms
Credit cards – purchase rates and ongoing fees on the decline and a trend towards longer purchase intro deals as balance transfer deals drop slightly
Deposit accounts – online savings accounts and term deposit rates tracking down, with biggest cuts on longer-term
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