| Provider | Account Name | Maximum Rate | 1 Month | 6 Months | 12 Months | 24 Months | Account Fees | Minimum Balance | |
|---|---|---|---|---|---|---|---|---|---|
  |
4.65% p.a |
2.55% p.a |
4.15% p.a |
4.15% p.a |
4.3% p.a |
$Yes | $5,000 | ||
Additional Information
|
|||||||||
| Provider | Account Name | Maximum Rate | 1 Month | 6 Months | 12 Months | 24 Months | Account Fees | Minimum Balance | |
 |
4.65% p.a |
2.9% p.a |
3% p.a |
4% p.a |
4.35% p.a |
$0 | $5000 | ||
Additional Information
|
|||||||||
Term deposits pay a fixed rate of interest on a deposit that is held with the bank for a specified period of time and pay much higher rates of interest than what is paid on regular savings account whose interest rate can also vary.
Term deposits are easy to establish and the only thing that needs to be determined is the term, or the length of time the deposit will be held with the bank. Terms range from 1 month to 5 years, and interest is usually paid at the end of the term for terms of less than a year. It is possible to receive interest on a monthly or semiannual basis for terms of over a year though these term deposits tend to offer lower interest rates than accounts where interested is paid annually
Mark Butler, Minister for Housing and Homelessness says housing affordability is a key concern for many Australian families.
Recently Mr. Butler met with some Adelaide tenants who are part of a government backed scheme that provides affordable rents.
The scheme provides incentives to build an additional 1000 homes across the country by next June.
A new report from Deutsche Bank has confirmed what many people have long suspected, Australians are paying some of the highest prices on the planet.
The report takes prices for a number of goods and services and compares them across many cities and countries around the world. People who live in Melbourne and Sydney pay nearly 40 per cent more to go the movies compared with people living in Paris or Manhattan.
A two litre bottle of Coke bought in one of Australia’s two major cities costs more than 50 per cent more than if it is bought in Auckland or Berlin.
ANZ has released its first half results and reported a 10 per cent increase in first half cash earnings and will pay a dividend in excess of forecasts.
ANZ earned $3.18 billion which came in ahead of an expected $3.13 billion analysts estimate. ANZ cited solid performance across its institutional, retail and international business units.
The lender says it will increase its dividend by 11 per cent and would seek to increase its dividend payouts as part of a drive to become more efficient.
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