Banks

Term deposits not paying their way?

Term deposits not paying their way?

If you’re frustrated with the current term deposit rates - you are not alone. Many disgruntled investors have seen their income eroded as term deposit rates have consistently fallen from above 8% in 2008.

The Reserve Bank of Australia (RBA) has just cut rates again to 2.00% - which brings the cash rate down to around the rate of inflation. Some economists are still predicting further rate cuts in the months ahead.