When the stock market is falling and the RBA continuously cuts the hard cash charge, discounts accounts and time period deposits are heading up.
If you happen to be wanting for a risk-free position to hold your hard cash at the minute although even now earning a first rate return, you happen to be in luck. We’ve found a number of discounts accounts and time period deposits raise their interest premiums about the previous number of weeks. This follows 12 months of discounts accounts cutting their premiums in reaction to the RBA hard cash charge cuts.
The AMP Saver Account has right now lifted its complete reward interest charge from two.eleven% p.a. up to a market-leading two.sixty five% p.a. This is a enormous jump of 54 basis details, which is something we have not found in a incredibly very long time. AMP also enhanced the introductory time period that this