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?