Term deposit rates rise as funding squeeze bites banks

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From Banking Day:

After cutting their deposit rates for most of last year, some banks have started to increase their rates.

Comparison site Mozo found that the number of term deposit rate increases outnumbered falls in January.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.