Letters of the Week

Term deposits. Where’s the rally? Bank credit ratings.

Term deposits
I would love to see Robert Gottliebsen write on the subject of term deposits after reading where Rabobank, UBank, and ING gave $250,000 government guarantees on deposits. Currently, Commonwealth Bank, ANZ and Westpac offer 4.75%, and NAB 5%, on term deposits. Since Labor came to power, not one policy has helped the self-funded retiree. I have read before that 70% of Australians prefer to invest in term deposits, yet little attention is paid to the subject in the media.

– B Collins

Editor’s response: Robert has taken up readers’ requests to write on term deposits, and addressed Rabobank’s performance on Monday.

Where’s the rally?

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