Mozo Personal Finance Expert Rachel Wasell (PicTored) Noted that 17 banks have cut term deposit raates Since the RBA’s Decision. “What 17 banks, Both Big and Small, Slash Term Deposits With a Week It’s Not A Coincident, It’s A Signal,” She Said.
“Even after Truly Underway. ”
She said that Both Fixed Rates and Term DePosits are Influcials by Expectations for Future Cash Rate Movements. “If banks though Rates Were Staying Put, We will’t be See Term Deposits and Fixed-Rate Home Loans Falling,” She Said.
“The Fact that Both Big and Small Linders Are Treming Fixed Rates Across Home Loans and Deposits, Even after The RBA PAUUSED Last Week, Suggests They’re Confident Further Cash Rate Cuts Are Coming and Want to Get AHEAD of The Curve. ”
Want to be regularly updated with Mortgage News and Features? Get Exclusive Interviews, Breaking News, and Industry Events in your Inbox – Subscripe to our free Daily Newsletter. You can also follow us on Facebook,, X (Formerly Twitter)and LinkedIn.
