| Sports Betting Online |
Banks cut deposit rates
8 October 2008 |
| |
| The Commonwealth Bank, Westpac, NAB and ANZ confirmed they would be cutting rates on deposit accounts, in some cases by more than the 1 per cent official Reserve Bank cut. St George said all bank rates were under review. The interest rate on NAB's 12-month blackboard saver term deposit accounts will be slashed by 140 basis points, from 8 per cent to 6.6 per cent, immediately. Interest rates on a Westpac Reward Saver Account have been cut 1 per cent to 3.65 per cent. Rates on Westpac's Cash Manager accounts with balances from $10,000 to $100,000 will come down 1 per cent from 5.55 per cent to 4.55 per cent. Earnings on Westpac's Maxi I Direct accounts will also be cut by 1 per cent. Commonwealth Bank NetBank Saver and Cash Investment Account interest rates have come down by 1 per cent. There will be no change to the Commonwealth Bank's Award Saver or Youth Saver accounts. ANZ will cut interest rates on term deposits of $5,000 or more by 1 per cent. For term deposits above $50,000, rates will be cut by 0.9 per cent. |
| |
| Source : The Daily Telegraph |
| |
|
|
|
| |
| 31 October 2008 | - Westpac profits and bad debts up |
| | - Westpac grows deposits |
| | - Citibank focussing on mortgages |
| |
| 30 October 2008 | - St George grows deposits but not loans |
| | - Reverse mortgages lose popularity |
| | - Bank defends no rate cuts on credit cards |
| | - No penalty fee for union members |
| |
| 29 October 2008 | - Westpac/BT have learnt the liquidity lesson |
| | - Suncorp for sale again |
| | - Record profit posted by St George |
| | - Deposit guarantee clarified but questions remain |
| |
| 28 October 2008 | - Westpac on NSW sales blitz |
| | - St George will rejuvenate Westpac |
| | - Government rejects extending deposit guarantee |
| | - CBA shocks investors by freezing CFS trust |
| | - Bendigo boasts strong deposit growth |
| |
| 27 October 2008 | - GE Money cuts and runs |
| | - Govt guarantee creates surge in bank deposits |
| | - Aussie Home Loans cuts rates again |
| |
| 23 October 2008 | - Swan approves Westpac plus St George |
| | - CBA tree dispute could be costly for Bendigo |
| | - Banks go to Canberra for crisis talks on guarantee |
| | - ANZ profit down 21 per cent |
| |
| 22 October 2008 | - Banks start sacking staff |
| | - Westpac/St George cut rates |
| |
| 21 October 2008 | - RBA hoses down big rate cut expectations |
| | - NAB's bad debts up to $2.5 billion |
| | - Debtors have rights under banking code |
| | - Consolidation continues in banking industry |
| |
| 20 October 2008 | - Rising inflation to moderate rate cuts |
| | - NAB earnings down twenty per cent |
| | - ING reassures Australian depositors |
| | - Commonwealth cuts home loan rates |
| | - Nab cuts rates on its home loans |
| | - ANZ Cuts Interest Rates |
| |
| 19 October 2008 | - Relief for first home buyers |
| | - NAB follows ANZ in cutting rates again |
| | - CommBank calls halt to HomePath experiment |
| |
| 16 October 2008 | - Refused bail for bank fraud |
| | - NAB's debt collector accused of bad behaviour |
| | - NAB hording cash as earnings fall |
| | - NAB credit rating under threat |
| | - Interest rates to plummet to near zero |
| | - Aussie customer files left out for recycling |
| |
| 15 October 2008 | - Savings account interest rates slashed |
| | - Government gives powers to bank regulator |
| | - Eight per cent term deposits ending soon |
| | - Credit Unions, small banks talk mergers |
| |
| 14 October 2008 | - Pensioners get Christmas bonus |
| | - No rate cut for GE's mortgage managers |
| | - Commonwealth and ANZ called on to end penalty fees |
| | - Banks make big cuts to fixed rate mortgages |
| |
| 13 October 2008 | - SGB's business customers oppose WBC's takeover |
| | - Credit unions take on the big banks |
| | - Lenders will be forced to be responsible |
| | - Rudd Government will intervene to save non-banks |
| | - Rudd- All deposits now government guaranteed |
| | - Rudd- All deposits now government guaranteed |
| | - Credit Card rates slow to change |
| |
| 12 October 2008 | - Only Westpac business customers get rate cuts |
| | - Interest free deals scaled back |
| | - Rates to fall to five per cent by Christmas |
| | - Banks welcome government intervention |
| |
| 10 October 2008 | - Do You Know Your Banks Credit Rating |
| |
| 09 October 2008 | - Worried depositors reassured by bank staff |
| | - Victoria Teachers CU riding out the credit crunch |
| | - Stability overrides competition concerns |
| | - NAB, Bankwest and Bendigo cut rates one week late |
| | - Banks welcome increase in deposits |
| | - Bank of Queensland losing in the Sydney market |
| |
| 08 October 2008 | - Westpac cuts rates for business |
| | - Property prices to hold up over next two years |
| | - Mortgage market still weak |
| |
| 07 October 2008 | - CBA snatches BankWest |
| | - Commonwealth set to dominate the market |
| | - No rate relief on credit cards or loans |
| | - Big banks cut rates by 0.8 per cent |
| | - Banks promise to make up rate cuts |
| | - Westpac Cuts Rates by 80 Basis Points |
| | - Aussie Home Loans To Pass On 75 Basis Points |
| | - RBA Cuts Cash Rate by One Percent |
| |
| 06 October 2008 | - Today's rate cut to deliver $50 a month |
| | - First home buyers accounts have catches |
| | - Commonwealth grabs BankWest |
| | - Commbank execs focus on customers |
| | - BankWest and Ubank top the charts for depositors |
| | - ANZ, CBA jockey for Suncorp |
| |
| 03 October 2008 | - Banks say no to big rate cuts |
| |
| 02 October 2008 | - UBank offers 8.5% on deposits for next two weeks |
| | - NAB's UBank is not ready for market |
| | - NAB launches UBank brand |
| | - Majors circle BankWest and Suncorp |
| | - Banks won't pass on rate cuts |
| | - All mums are not equal |
| |
| 01 October 2008 | - Rates to fall 0.5 per cent next week |
| | - Promotional rates work for BankWest and ING |
| | - NAB loses market share in business banking |
| | - NAB is least popular bank |
| | - Majors set for bidding war on BankWest |
| | - Commonwealth leads on deposits |
| |
|
|
| |
