You are viewing:-
you're reading...
1.Market Observations, 8.Was Sticky

21 Nov 2016 (TheAge) – Savers hit as CBA cuts term deposit rates

(21 November 2016, The Age, BusinessDay, p21, Clancy Yeates)

‘Commonwealth Bank has sliced a range of term deposit interest rates, the second round of cuts since August when it was trumpeting higher rates on deposits as a win for savers. It blamed the latest cuts, which took effect last week, on changes in credit markets and the ultra-low interest rate environment, which is crunching banks’ profit margins.’

Read more at TheAge.com.au

Advertisements

About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: