Term deposit competition heats up

Term deposit rates have been on the rise for past few months, as banks seek to avoid rising wholesale funding rates by increasing the proportion of deposits funding their loan books. According to the latest Mozo Banking Roundup, May was…

At-call rates offer better value than TDs

Investors looking for the best deposit rate should focus on the at-call market, where introductory and ongoing bonus rates of 3 percent are available. In the term deposit market the best rate for terms up to 12 months is 2.8…