ANZ hiked its rate for Advance Notice Term Deposits by as much as 55bps. Here are the major changes the lender made this week:
ANZ Advance Notice Term Deposit rate changes – 14 July
|
Term |
Change |
Rate |
Payment Frequency |
|
12 months |
+15bps |
4.67% p.a. |
Quarterly |
|
24 months |
+54bps |
4.43% p.a. |
Quarterly |
|
12 months |
+14bps |
4.69% p.a. |
Semi-annual |
|
24 months |
+54bps |
4.45% p.a. |
Semi-annual |
|
12 months |
+15bps |
4.75% p.a |
Annual |
|
24 months |
+55bps |
4.50% p.a. |
Annual |
ANZ also hiked its rates across its Business Notice Term Deposit by as much as 105bps. Below are the most significant changes:
ANZ Business Notice Term Deposit rate changes – 14 July
|
Term |
Change |
Rate |
Payment Frequency |
|
3 months |
+105bps |
3.05% p.a. |
End of term |
|
24 months |
+104bps |
3.19% p.a. |
Quarterly |
|
12 months |
+39bps |
4.43% p.a. |
Quarterly |
|
24 months |
+40bps |
4.50% p.a. |
Annual |
Australian Unity
Australian Unity just increased its 12-month TD rate by 50bps to surpass the 5% mark. The changes apply to regular and SMSF TDs.
Australian Unity 12 months TD rate changes – 14 July
|
Term |
Change |
Rate |
Payment Frequency |
|
12 months (SMSF) |
+50bps |
5.20% p.a. |
Annual |
|
12 months |
+50bps |
5.25% p.a. |
Annual |
|
12 months |
+50bps |
5.24% p.a. |
Semi-annual/Quarterly/Monthly |
Judo Bank
After boosting its one-year TDs last week, Judo Bank decided to decrease its shorter-term rates by as much as 15bps. Here are some of the changes:
Judo Bank’s TD rate changes – 14 July
|
Term |
Change |
New Rate |
|
3 months (SMSF, Business, and Personal) |
-5bps |
5.10% p.a. |
|
6 months (SMSF, Business, and Personal) |
-5bps |
5.40% p.a. |
|
9 months (Business) |
-10bps |
5.30% p.a. |
|
9 months (Personal) |
-15bps |
5.30% p.a. |
Bank of Sydney
Bank of Sydney increased the short-term rates under its Business Term Deposit and Term Deposit.
Bank of Sydney Term Deposit rate changes – 14 July
|
Term |
Change |
Rate |
Payment Frequency |
|
3 months |
+20bps |
5.20% p.a. |
End of term |
|
3 months (Business) |
+20bps |
5.20% p.a. |
End of term |
|
6 months |
+20bps |
5.50% p.a. |
End of term |
|
6 months (Business) |
+20bps |
5.50% p.a. |
End of term |
Credit Union SA
Credit Union SA made a significant increase in its TD rates this week, rolling out a 100bps increase for its nine-month rate for its Term Investment product.
Credit Union SA Term Investment rate changes – 14 July
|
Term |
Change |
Rate |
Payment Frequency |
|
6 months |
+25bps |
5.00% p.a. |
End of term |
|
9 months |
+100bps |
5.00% p.a. |
End of term |
ME Bank
ME Bank hiked the rates of its Business and regular TDs. It made up to 25bps increases for short-term TDs and up to 15bps for 12-month terms. Below are some of the major changes ME Bank made this week:
ME Bank TD rate changes – 14 July
|
Term |
Change |
Rate |
Payment Frequency |
|
12 months (Business) |
+15bps |
5.20% p.a |
End of term |
|
12 months |
+15bps |
5.20% p.a. |
End of term |
|
12 months |
+15bps |
5.15% p.a. |
Monthly |
|
4 months (Business) |
+25bps |
4.75% p.a. |
End of term |
|
9 months |
+10bps |
5.10% p.a. |
End of term |
Latest changes to 12 months/1 Year Term Deposit Rates – 14 July
|
TD Product |
Change |
Rate |
Minimum Deposit ($) |
|
Northern Inland CU – Fixed Term Deposit |
+25bps |
4.75% p.a. |
10,000 |
|
Regional Australia Bank – Term Savings |
+55bps |
5.10% p.a. |
1,000 |
|
Rabobank – Term Deposits |
+5bps |
5.10% p.a. |
1,000 |
|
Bank First - Term Deposit |
+5bps |
5.05% p.a. |
500 |
