I received a call from the CBA today advising that to celebrate the 08/08/2008 that they had an offer on Term Deposits of 8.08% for 8 months paid monthly. Sounds reasonable and the caller also advised that their rates were going to fall next week. Is that to much information?
CBA Term Deposit
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Julia
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They're offering 8.20% for 12 months and 8.30% for 24 months.
If rates are indeed going to drop (and I'm surprised that they would suggest this prior to any official announcement) wouldn't you be better locking into one of the above if you are not going to need the money?
If rates are indeed going to drop (and I'm surprised that they would suggest this prior to any official announcement) wouldn't you be better locking into one of the above if you are not going to need the money?
RBA rates does not reflect the interest rates the banks charge and pay.
When banks are getting desperate for customers to keep their money with them, it means their reserves are running low and a sign of a looming recession. I read in the states, certain banks are calling up ex customers with a special deposit rate if they reopen their accounts.
Having said that, I hear Bankwest is offering a very competitive, if not the best term deposit rate at the moment though.
When banks are getting desperate for customers to keep their money with them, it means their reserves are running low and a sign of a looming recession. I read in the states, certain banks are calling up ex customers with a special deposit rate if they reopen their accounts.
Having said that, I hear Bankwest is offering a very competitive, if not the best term deposit rate at the moment though.
Timmy
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Give them a call on Dec. 12
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I found this site that compares the term deposit rates from what appears to be most Aussie banks. http://www.cannex.com.au/term-deposits/
There are a couple who are offering 6 months at 8.5% atm. Might look to stick a slab of the SMSF into one of these until the market settles down.
There are a couple who are offering 6 months at 8.5% atm. Might look to stick a slab of the SMSF into one of these until the market settles down.
I had a quick look at the link you provided and was not to certain about investing with "Dnister Ukrainian Credit", you would have to be game to put your money there.
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