Latest Australian Finance News from Money-Au.com.au
- Latest Finance News
- Featured News Articles
- Personal Finance Hints and Tips
- Australians Put Record Amounts Into Term Deposits During 2008
- NAB Prices US Dollar Bond Issue
- International Banks Beat Retreat from Australia Causing Shortfall in Australian Corporate Lending
- Speculation Over Whether NAB Plans To Sell It’s UK Units
- Australian Income Inequality Massive Despite Household Wealth Rising
- Australian Banks Minting Fees From Consumers
- Deutsche & Citi Dropped From Australian Interbank Rate Setting Group
- Class Action Lawsuit Filed Against ANZ Over Opes Prime
- Aussie Bonds Provide Spectacular Returns In 2008
- Australian Non Bank Lenders To Consolidate Further
- International Banks Beat Retreat from Australia Causing Shortfall in Australian Corporate Lending
Major international banks are scaling back their lending to Australian corporations in the wake of the global credit crisis as they retreat to their domestic markets and the Australian Federal Government loan guarantee continues to divide the banking sector. - Australian Banks Minting Fees From Consumers
The Australian Prudential Regulatory Authority (APRA) published new research last week showing that in the year to June financial institutions accrued income from fees and commissions totalling A$ 22.6 billion. The amount represented at least a ten per cent increase in fee and commission based income from the previous year which amounted to A$ 20.48 billion. - Australian Non Bank Lenders To Consolidate Further
The capitulation of GE Money, and the subsequent divestment of its Wizard Home Loans for just A$ 26 million, after having paid A$ 500 million for the business just 4 years ago suggest the outlook for non bank lenders and mortgage brokers is positively horrendous. The acquisition of Wizard by Aussie Home Loans and CBA bears the beginnings of a wave of consolidation for the industry in general. - Read more featured finance news articles
- How to find the right Credit Card for you
- Rise and rise of zero-interest credit cards
- What is the credit crunch?
- Smart cards - the credit card for the 21st century
- The rise of the debit card
- Aussies 'turning cents into dollars with savings'
- The changing shape of home loans
- Exit fees hit thousands of Aussies
- Exploring the home insurance industry
- Cashing in on raising rates
* Interest paid on maturity on balances of between $10,000 and $5 million with terms of 3 months.
^ This is an introductory variable rate. Rates on this product, including introductory rates are variable and subject to change without notice.
† The deposit is guaranteed under the Australian Government's Financial Claims Scheme.
The rates above are valid as at 12th November 2008 and are subject to change.
Investments in Macquarie Cash XL (or "trust") are offered by Macquarie Investment Management Limited ABN 66 002 867 003 (MIML/we/us/our). Units in the trust are not deposits with or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (the bank/MBL) or of any Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income or principal invested. None of Macquarie Bank Limited, MIML or any other member company of the Macquarie Group guarantees the performance of the trust or the repayment of capital from the trust or any particular rate of return. While units in the trust are not direct deposits with MBL, the trust itself invests solely as a wholesale deposit with the bank. Investors do not hold a retail deposit directly with the bank.
For more information, read the Cash XL PDS (815kb) and PDS Further Information (96kb)
Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website.
Any subsidiary of Macquarie Bank Limited ABN 46 008 583 542 (MBL) described on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth), and the subsidiary's obligations do not represent deposits or other liabilities of MBL. Macquarie Bank Limited and Macquarie Group Limited do not guarantee or otherwise provide assurance in respect of the obligations of the Macquarie subsidiary.
* Interest paid on maturity on balances of between $10,000 and $5 million with terms of 3 months.
^ This is an introductory variable rate. Rates on this product, including introductory rates are variable and subject to change without notice.
# Interest paid on maturity on balances of over $10,000 with terms of 1 to 12 months, rates are subject to change.
† For more information on the Federal Government's guarantee on deposits under the Australian Government's Financial Claims Scheme, including types of accounts and applicable monetary thresholds, you should visit www.treasury.gov.au and click on the link to 'Guarantee of Wholesale Funding and Deposits'.
The rates above are valid as at 12th November 2008 and are subject to change.
The Macquarie Bank Term Deposit is issued by Macquarie Bank Limited ABN 46 008 583 542 (MBL). Australian Financial Services Licence No. 237502. Fees and charges may be payable. Terms and conditions available upon request.
To change your address or your Nominated Bank Account, please call 1800 184 876.
Where we provide any advice on this website, it has been prepared without considering your objectives, financial situation or needs. Before acting on any advice on this website, you should consider its appropriateness to your circumstances and, if a current offer document is available, read the offer document before acquiring products named on this website.
Any subsidiary of Macquarie Bank Limited ABN 46 008 583 542 (MBL) described on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth), and the subsidiary's obligations do not represent deposits or other liabilities of MBL. Macquarie Bank Limited and Macquarie Group Limited do not guarantee or otherwise provide assurance in respect of the obligations of the Macquarie subsidiary.
