BETASHARES AUST HIGH INT CASH ETF
Why bank hybrids are being phased out and what it means for investors
It is not every day that a super popular investment opportunity slowly dries up and disappears. However, that is exactly what is happening to the many thousands of investors who have flocked to invest in hybrid securities issued by the major banks. In total investors have an amazing $43 billion invested in bank hybrids, which […]
Retail banks slash term deposit rates as RBA rate cut looms
Forget about the speculation of whether the RBA will cut official interest rates late this year or early next – the retail banks are already slashing interest rates. Not, of course, the ones you pay them through housing, business or personal loans but the ones they pay you through term deposits. So, it turns out […]
Banks raising rates on loans but not deposits
Somehow the big banks managed to pull off another massive swiftie in the wake of the RBA’s latest interest rate hike. All four dutifully passed on the 25-basis point rise to their home loan customers but when it came to their deposit interest rates, they were remarkably silent. Sure, there were some targeted deposit rate […]