#InterestRates #TermDeposits #ANZ #PersonalFinance
Hey everyone, just a heads up that ANZ has recently made some cuts to both their interest rates and term deposit rates. 📉 If you’re a customer with them or considering opening an account, this is definitely something to be aware of.
Here’s a quick rundown of what’s been happening:
– ANZ has reduced interest rates by .20 to .30 bps across the board for home loans.
– Term deposit rates have also been affected by these cuts, potentially impacting your savings goals.
With these changes in mind, it’s important to stay informed and explore your options to ensure you’re making the most out of your money. One possible solution to consider could be looking into other financial institutions that may offer more competitive rates.
Have you been affected by these recent cuts? What steps are you taking to navigate these changes? Let’s share our insights and experiences to help each other make informed decisions. 💡🤝
It should not come as a surprise to anyone based on the recent economic data and dovish pivot by the RBNZ.
We could see two OCR cuts before year-end, one for sure.
Coming off fixed term mortgage in 3 weeks so probably going to hold off whilst the pressure continues downwards. Could anyone with ANZ advise what rates they are being offered on the app? Same as those published online today?
What happened to people saying Higher for Longer?
will this affect floating rate as well?
FFS. Literally just paid a rate lock break fee yesterday to switch to the 6 month rate with Westpac. Wonder if they will follow suit now.
Any change in flexible rates?
Cashino back on the menu bois
Weird the lower rates announced today are still higher than my app offered rates from yesterday.