Term Deposits

News And Views

• Tax on savings to be slashed
  Monday November 16 - The rate of tax on bank deposit savings is likely to be cut as the government seeks to build a national savings base outside superannuation.
• St George: Bank of the year
  Monday November 16 - St.George reported strong customer metrics for the year ending June 2009, retaining its comfortable lead over the majors on both customer satisfaction and customer advocacy.
• Bonus saver account offers 5.25 per cent
  Monday November 16 - Some banks and credit unions have raised rates on their deposit and transaction accounts by more than RBA has raised rates in the last month. Queensland police and emergency service workers have been the recipients of the best of the rate changes.
• 100 new bank branches this year
  Monday November 16 - The number of bank branches has increased for the eighth consecutive year, according to a survey released today by the Australian Prudential Regulation Authority (APRA).
• Credit Unions want young people
  Sunday November 15 - Some institutions in the mutual sector have lost members in the last year and many are having extreme difficulty in attracting new members. Of particular concern is the lack of young people choosing credit unions for their banking business.