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Best term deposits for November 2020

The Reserve Bank of Australia cut the cash rate to a new record-low of 0.10 per cent and Australian savers may be wondering where they can still nab a high interest rate term deposit.

Best term deposits for October 2020

With another Reserve Bank of Australia-led cash rate cut tipped for November, could now be the time to lock in a competitive term deposit rate?

When will term deposit rates go up?

On top of everything else that’s happened in 2020, interest rates on term deposits and savings accounts have been stagnating or declining to record lows over the year. It’s not yet clear when exactly these rates for savers are expected to start rising again.