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?



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles