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Term deposit rates dwindle as bank funding costs fall

Banks have been trimming interest rates on term deposits in early 2020, new figures show, as returns to savers continue to be eroded by the global shift towards ultra-low interest rates.

Term deposit rates dwindle as bank funding costs fall
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  • Shared by the Age
  • February 10, 2020
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Comparison website Canstar said that since the start of the year, the number of cuts in term deposit interest rates across its panel of banks was more than double the number of rate increases over the same period.

Read more at The Age.

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