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?


SMS Code Sent…

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

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

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

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles