Sep 8, 2008

ING Direct Maximiser

ING Direct states today that rate for Maximiser will stay at 7.00% p.a.

The special promotional variable rate of 8.00% p.a. will be extended till 31 Oct. 2008.

Sep 6, 2008

Beware Asia’s Current Woes

Source: September 05 2008 - Australasian Investment Review – (AIR)

Fears are swirling through Asia that the unrest in Thailand and Malaysia, the economic and political woes of Japan and the continuing weakness in South Korea might be a precursor to more serious problems at a time when the Australian economy's sole remaining lifeline is linked firmly into the region.

This week's National Account and trade figures showed that the booming resource sector led by miners and exporters of coking and thermal coal and especially iron ore, boosted corporate income and profits to the point where it and the sector's investment plans stopped the economy from dipping into the red in the June quarter.

We received a nasty reminder yesterday that our trade performance is not permanent and might be a bit more tenuous than we think. The trade surplus evident in June disappeared in July with the Australian Bureau of Statistics reporting a $717 million deficit as exports stalled and imports, particularly of oil, surged. The deficit compared with a revised surplus of $351 million in June (It was $411 million in the original report). The deficit is far worse that the small surplus expected by the market.

The ABS said exports fell 1% to $22.9 billion in July, with rural shipments down 3% and coal off a large 9%. Imports rose 4% to $23.6 billion as the oil price rise (world prices peaked in mid July at more than $US147 a barrel) sent the cost of fuel imports surging by 29%. The price falls since then will trim, but not by as much as it could have because of the sharp fall in the value of the Australian dollar, which is now 16 cents or well over 16% lower. The Aussie dollar fell again overnight to just above 82 US cents.

The Aussie's fall is inflationary, so imports, such as oil will cost more, instead of the way the stronger dollar cushioned us against higher oil prices in the past year. But we should watch Asia closely, not just for China. The rising level of instability is an unwanted reminder of the problems of a decade ago and the last Asian crisis. It won't happen again, if politicians and others hold their heads, but that's going to be difficult.

Thailand and Malaysia could emerge as the flashpoints, while South Korea shouldn't be ignored as it struggles to stabilise an economy that is stuttering, while the Government is under pressure from an increasingly sceptical electorate (And don't forget North Korea which seems to be again trying to frustrate anti-nuclear agreements it signed up to respect)

Despite a belief a year ago that Asia and other emerging markets (ex-Japan) were bolt holes for nervous western money driven out of the US and other markets by the subprime mess and credit crunch, that hasn't proved to be the case. Asian equities are the worst performing stocks globally this year: most markets have fallen by between a quarter and a fifth. Weakening exports are to blame for open economies like Singapore where non-oil exports fell year-on-year for the third consecutive month in July.

Dynamic Hong Kong is looking at economic growth halving next year from the current level of just under 7%, while in less open economies like Thailand and Malaysia, artificially low interest rates (in nominal and real terms) are fuelling inflation, which is hurting consumers, who are also voters.

South Korea is suffering from both problems, as well as being crushed by the still high levels of private sector debt. And every time the won falls, inflationary pressures are stoked and business has to pay more for their foreign debt. The slowing global economy makes it tougher for South Korean exporters to take advantage of the cheaper won, as US exporters have ridden the weak US dollar for the past four years.

China is of course the main customer and there was a large bit of good news out this morning with a well-timed leak in official media that China's consumer inflation rate eased in August less than 6% annual rate from the 6.3% in July's: a sign that the economy isn't feeling too much stress from high oil and food prices any more.

Central banks in Thailand, Malaysia, South Korea and The Philippines have been reported as intervening this week to support their nervous currencies: South Korea's central bank has been trying to stop its currency, the won from falling for the past three or more months, without much success. There're signs of some capital flight as investors sell out of stockmarkets in the region which have fallen and then sell the currencies: it has been this selling that has forced the central bank support.

Thailand's anti-democracy demonstrations are emerging as the major concern; as they have the capability to get rid of the current Government. The army, which intervened in a coup a couple of years ago after Thaksin Shinawatra fell as Prime Minister, seems to be giving active support to the demonstrators by refusing to clear them from the Government House in Bangkok. The demonstrators want a return to partly elected, partly appointed parliaments and more control for the Bangkok based urban middle classes who object to the support and power the less well off have given Thaksin and the present government. The Thai Prime Minister, Samak Sundaravej yesterday refused to resign or call new elections, even after his Foreign minister quit yesterday.

Reuters said that in an hour-long national radio address, Samak sought to shore up his public support, proclaiming himself as a defender of Thailand's democracy and its revered monarchy, against a movement that he described as "lawless." The People's Alliance for Democracy (PAD) has spent the past 10 days occupying the grounds of Samak's Government House offices, demanding his resignation over claims that he is a puppet for ousted premier Thaksin Shinawatra. But the PAD also wants to roll back many of Thailand's democratic gains by creating a new parliament in which only 30% of seats would be elected: that would undo the current system of Government which gives representation to the country's lower classes and poorer people.

For that reason, any success by the PAD could very well see a new round of protests, more instability and greater volatility in the economy (and for the important tourist sector). The Government last night decided to hold a referendum on its future and on the PAD's place in the demonstrations and its plans to alter the country's political system. That will make for volatile times.

In Malaysia there's talk of a new Government economic package at the weekend that might be highly inflationary and populist to try and fight off the attempted grab for power by Anwar Ibrahim who is trying to seduce members of the ruling party away to his parliamentary grouping by September 16.

Japan's prime minister Yasuo Fukuda has resigned only three days after revealing a $US105 billion emergency tax and spending plan for the economy. There are fears that in their battle for control the members of the Liberal democratic Party might resort to silly inflationary promises at a time when the economy is suffering from high costs and slow or no growth.

South Korea is at least growing, but surging import costs have eaten away at the trade surplus, the Government is uncertain after facing a rising tide of demonstrations in recent months, the currency is weak and now at a four year low. There are fears that exports and the economy might start slowing as the rest of the global economy slows. That's why the country's central bank has spent an estimated $US40 billion in trying to support the currency this year, to no avail.

On Monday South Korea revealed a $US20 billion tax and spending package similar to that from Japan but the next day a senior finance minister was forced to deny that the country was facing a financial crisis, which unnerved markets because of the tone of his comments. The South Korean won rose a touch yesterday for the first time in four days.

To add to this the plunge in commodity prices has proven to be not the godsend many had though lower oil and petrol prices and subsidies might be. Malaysia is suffering from falling oil and palm oil prices, as is Indonesia. Thailand should get a boost, but sugar and rice prices have eased, cutting returns. South Korea and Japan should get the major boost given they import nearly all their commodities, but currency weakness in South Korea means the benefits of the lower prices is not being fully passed through (and the same is happening in Thailand). Japan seems best placed, along with China. But Japan's political instability and the looming possibility of early elections (before those due in a year's time) means the country probably won't have the leadership to keep the economy from continuing with its current sluggish level of growth (Its economy contracted in the second quarter).

The sharp slump in commodity prices is pressing on the currencies of commodity-producing countries apart from those in Asia. The Australian and New Zealand dollars have visited one year lows in the past day: driven also by easing interest rates and expectations of more to come to soften the landing of sliding economies. But adding to it are fears that the instability emerging in Asia could hit economic activity and further slow demand for commodities and resources. That could in turn slow demand in China as Asia is probably that country's fastest growing export destination (and China has just emerged as Japan's top export destination, supplanting slumping America).

Sep 5, 2008

BankWest 9% p.a. Regular Saver

9% p.a. and a range of other features:

  • Needs to deposit between $50 and $500 per month. Note: maximum is $500 a month.
  • Earn interest on your interest - it's calculated daily and paid monthly.
  • No account fees.
  • Link your Regular Saver to an eligible BankWest linked account.
  • 24/7 access with online and phone banking.
This will be a good account for saving. 9% p.a.! Where else can you get this low-risk/high-return investment?

See BankWest for more details.

Aug 21, 2008

Macquarie Bank Offers

Let the gains begin!

* Macquarie Bank Term Deposit:
Earning secure returns 8.08%pa on 6 months term deposit.
(Limited offer: closing 27 August, 2008)

* Macquaire Cash XL:
8.00%pa interest calculated daily on every dollar.
No transaction fee.
No minimum deposit.

Detail Here

Aug 11, 2008

Australian Dollar’s Plunge Continues

Great article about the recent Australian Dollar's Plunge on Australasian Investment Review.

It's now the biggest imponderable for Australian business. Just as we seem to have pushed high oil prices and inflation to the back of the agenda with last week's Reserve Bank hint of a rate cut, possibly next month, the plunging value of the Australian dollar will force us to keep oil and cost pressures in the forefront of our mind.

Exporters will be having a quiet cheer, the pressures of a 98 USc Aussie dollar and the prospect of parity with the US currency, have been ended by the near 10 USc drop in the value of the local currency in the past three weeks.

The Aussie fell more than 4% last week alone against the US currency and the loss since its peak last month is now well over 10%.

Suddenly exporters are getting more for their exports, while importers are having to pay a bit more, including importers of oil and petrol.

Big investors feel the uS has better recovery hopes than Europe, Japan or emerging markets; even though those emerging markets are still growing and the US is sluggish.

Analysts say there's enough economic information being released in the US this week to eithger back or dash this view. It's a view that ignores the continuing slump in house prices and forecsts that this will continue for much of the remaining months of 2008.

But the impact will be small to start with, but with the US dollar now on a major rebound against the rest of the world, a fall to below 85 USc must in mind for many analysts.

The currency closed at 88.85 USc in New York early Saturday morning, down sharply from the close the previous Friday of 92.92 USc and 95.84USc the Friday before that in Australia.The dollar fell again this morning to under 88.70 US cents.

Seeing the currency peaked at over 98USc in early July, it has been a very sharp fall in almost a month

The US dollar's dramatic rally this week has prompted some investors to say its seven-year slide may be over, as the focus shifts from US economic woes to the spread elsewhere of the credit crunch-inspired slowdown.

The greenback had its biggest weekly gain against the euro in eight years last week. Friday saw its biggest one day gain in six weeks.

The euro fell 3.6% to $US1.5005 Saturday morning, from $US1.5564 on August 1, the biggest weekly decline since January 2005.

The currency tumbled 2.08% Friday touching $US1.499, in what was the second biggest one-day decline since the introduction for the euro in 1999.

It is now US 10c below its record high above $US1.60 struck only a month ago.

The rally was driven by The European Central Bank warning on Thursday that growth is slowing, meaning no more rate rises.

It was the ECB's 0.25% rate increase in the first week of July that prompted the drop in the value of the greenback and surges by the euro, Aussie dollar and other high yield currencies.

The NZ dollar's rise was stopped a few days later by its central bank cutting rates 0.25% to 8% as recession took control of the Kiwi economy.

Since mid-July, oil prices have tumbled $US30 from their record peak above $US147 a barrel; Japan's government has said the economy may be in recession, and a continuing series of eurozone indicators have signalled an impending downturn.

Italy in fact Friday revealed its economy was contracting and figures this week could signal the slump evident in Italy, Spain and Ireland has now spread across the entire 15 country eurozone.

Britain is sliding as well, Denmark has slowed and there's now strong suggestions the German economy has gone from 5% growth in the March quarter to a probable contraction in the March quarter.

The UK pound fell to its lowest level against the US currency in more than 11 years.

The dollar also advanced elsewhere, reflecting the positive shift in sentiment towards the currency that will continue now there's recession on the way (in the market's mind in the US, Europe and Japan).

The dollar had solid rises against the US, the Swiss franc and the Canadian dollar as well as the pound, euro, sterling and Kiwi currencies.

After the RBA left interest rates at a 12-year high of 7.25% and signalled a coming rate cut, the downward pressure on the Aussie intensified; especially after the ECB sent its no rate rise message.

The euro's dramatic drop last week suggests that the currency's long-term climb - which has almost doubled its value from 2000 to last month's record high above $1.60 - may be over.

The sharp recovery of the dollar since July is reportedly prompting investors to consider an increased focus on hedging their positions against foreign currency weakness against the dollar: a big change in sentiment in the past few days.

The sell US dollar-buy commodities lurk used to be the easiest money game in town for hedge funds and other aggressive investors after the bottom fell out of credit and equity markets.

It seems no longer, and the possibility of being burnt by a surging greenback is now all too real.

Aug 6, 2008

Will China go bust after the Olympics?

I saw this good article on It is always the question I had in my mind. Should we sell off the resource stocks after the Olympics?

HAVING just given the banks another drubbing, it can't be long before the market turns on resources stocks with a vengeance.

After all both are at the, er, coalface of the credit crisis.

Despite taking a direct hit, the banks are valiantly fighting back with a 9.5percent annual jump in their fees and charges.

But the bigger problem is that China is becoming more vulnerable.

Certainly if the experience of Sydney, Athens and the other Olympic cities is any guide, when the games are over it will have a huge hangover, apparently without any fun to earn it.

In all the twists and turns of the credit crisis, one surprise is how China gets away with a rickety banking system. If ever there were a banking collapse waiting to happen, outside the US that is, it would have to be China.

The other day the Bloomberg news wire reported one of the country's biggest banks, the Agricultural Bank of China, lifted its first-half profit by 39percent - adding, only as an afterthought, that 23percent of its loans weren't being paid.

For all the talk about the impact on China's exports of a US recession - which officially hasn't happened, by the way - the credit crisis is still the thing to watch out for. After all, the most globalised sector is the financial system.

So how has China escaped the credit crisis? Maybe it hasn't; it's just not as obvious because of the closed economy caused by a fixed exchange rate and having state-owned banks.

In fact there are already rumblings because the biggest banks invested in, of all things, sub-prime loans in the US.

The yuan is pegged to the US dollar, which keeps it so low that China's current account surplus is almost 8percent of gross domestic product. That's created a flood of money - making it hard for a bank to go broke despite its best, or rather worst, efforts - which has also been set loose in the world.

But it'll eventually stop the hurtling growth rate in its tracks.

Interest rates - while still too low - and petrol prices have risen, lending is slowing as banks are forced into loss-making investments in low-paying bonds, inflation is running at 7percent and labour costs are rising to the point where factories are closing as foreign investors move on.

Values on the Shanghai Stock Exchange, China's only legalised casino, have been slashed almost in half this year, partly on fears of a looming power shortage. And that's before the inevitable post-Olympic slump.

If the marauding hedge funds and money speculators can't see an opportunity there, then it can only be a matter of time.

Jul 30, 2008

Better Deal from Bendigo Bank

Bendigo Bank provides a better deal on term deposit.

24 months (Interest paid monthly) 8.35%
24 months (Interest paid quarterly) 8.40%
24 months (Interest paid half-yearly) 8.45%
24 months (Interest paid yearly or maturity) 8.65%

Note: Balance will have to be over $5000.

Jul 27, 2008

Term Deposit 8.40% for 2 years

Westpace is offering the high interest rate 8.40% for term deposit for 2 years. With the hint from RBA that interest rate may fall, this seems a pretty good deal.

# No set-up, monthly service or management fees
# Competitive fixed interest rate on balances of $5000 and above
# Interest paid annually

They also have 7.8% offer for 3-month term deposit.

See Westpac for more details.

Jul 12, 2008

New Rice Price

Found the better price for jasmine rice. Safeway is selling it for $15.

I have not tried it yet; but I hope it is as good as Coles' one. Price of Coles' jasmine rice increases to $19 now.

Stock it up!

Commsec Cash Management Account

Forget about CDIA!!! We have the better account now.

Commsec is now offering the Cash Management Account which contains a cash account and an investment account. With the investment account, we can earn the interest rate of 7.5%pa. Yes, 7.5%!

Both accounts offer no monthly fee. Unlimited electronic transactions; meaning unlimited withdraw from CBA ATM's (using MasterCard Debit Card.)

Please see more details on Commsec.

Jun 23, 2008

ING Direct - Savings Maximiser rate is going up - and up

Great News!

Savings Maximiser's standard variable rate is increased from 6.90% p.a. to 7.00% p.a. effective 23 June 2008.

Plus the promotional interest rate from 7.90% p.a. to 8.00% p.a. effective 23 June 2008, which you can earn on any eligible deposits you make up until 30 September 2008. This is better than term deposits offered by major banks.

Jun 21, 2008


The inflation hit Australia! Fuel price is increased greatly. Rice price was doubled in the past month. I think it's time to track where we can find the best bargain around the town, Melbourne.

Rice: I think the Jasmine Rice (I love Coles) is the best value. Its current price is $17 for 10 kg. The taste is among the greatest; much better than the long grain rice.

I will start posting best value essential food when I find one.

May 28, 2008

You might be able to get away paying speeding fines.

From under Official Warning sub menu:

If you have received a Traffic Infringement Notice for a minor offence and you have a good driving record, you may be able to apply for an official warning.

You may apply to receive an official warning if you:

* hold a current drivers licence (including probationary licence but not including a learner drivers permit)
* have not been issued with a speeding or other traffic fine or official warning within the previous two years
* were caught doing less than 10 kilometres per hour over the speed limit
* do not deny that you were speeding.

Each application for an official warning is judged on a case-by-case basis and is subject to the discretion of Victoria Police.

To get more information about your eligibility for an official warning call Civic Compliance Victoria on (03) 9200 8111, between 8am and 6pm, Monday to Friday. Callers from regional Victoria can contact Civic Compliance Victoria on 1800 150 410 for the cost of a local call.

Other agencies have the ability to withdraw an infringement notice and issue an official warning if it is appropriate.

Mar 8, 2008

ING Direct Interest Rate Updates

Interest rate from March 17, the Savings Maximiser interest rate increases from 6.65% p.a. to a high 6.90% p.a. variable interest.

Term Deposit:

90 Days - 7.75%
180 Days - 8.00%
1 Year - 8.10%

Mar 7, 2008

Free Train Travel for Early Birds

* Early Bird program to be expanded to all metro lines
* Quarter or users changed plans to take advantage
* Passengers can save 'up to $47-per-fortnight'

ALL of Melbourne's trains will be free before 7am in a bid to ease crowding on the network.

After a trial of the free Early Bird travel on two lines, which began in October, the State Government today said it would expand the program for all 15 metropolitan lines, starting on March 31.

Passengers must arrive at their destination by 7am, between Monday to Friday, for their travel to be free.

Victorian Premier John Brumby said the trial on the Frankston and Sydenham lines showed more than a quarter of passengers who travel before 7am altered their travel times to take advantage of the initiative.

"Roll-out of the Early Bird is the next step in our commitment to find new and innovative ways to address the unprecedented patronage growth we are experiencing across the network,'' Mr Brumby said.

"During each morning peak period, about 150,000 passengers use the train system.

"By extending the Early Bird to all metropolitan train lines, we hope to encourage more people to take up the opportunity to travel for free.''

Passengers travelling in zones one and two can save up to $47 a fortnight on the normal cost of 10x2-hourly ticket, Mr Brumby said.

But rail commuters outside of Melbourne should not hold their breath for the free early fares.

NSW Transport minister John Watkins said such a scheme would not be considered for Sydney travellers.

"Passengers have consistently said to us that they are willing to pay a reasonable fare as long as the service is clean, safe and reliable," Mr Watkins said.

"Making the travel free will only transfer all of the cost of those services to all taxpayers, rather than the commuter contributing a fair proportion of the costs."

In WA, a Transperth spokesman said there were no plans to implement a program like the Melbourne scheme.

Qld’s Translink did not immediately return calls from

But commuter groups, such as the NSW Commuter Council and Qld’s Rail - Back on Track, believed free early bird travel was a great idea that should be examined by public transport authorities.

Robert Dow from Rail- Back on Track said his State Government should take note of what was happening in Melbourne.

“We would congratulate the Victorian Government for that program,” Mr Dow said.

“This is really big news for us… we think the Queensland Government needs to have a look at these options.”

But Mr Dow also said more early services were needed if the Government were to offer free travel before the morning peak.

NSW Commuter Council’s Kevin Parrish said the scheme would drive discussions at the next group meeting.

“It’s certainly very interesting,” Mr Parrish said.

“This (scheme) seems to have some merit.”

News obtained from

Mar 3, 2008

Hunt for the cheapest home loan

With the prospect of higher interest rates on the cards you should be searching high and low for the cheapest home loan rate you can get.

If it is a new loan you're after, it is hard to beat the "headline" rates being offered by the mostly non-bank online providers which, at first glance, can be a whole basis point behind the current variable rates being charged by the big four banks.

At the time of going to press - remember financial markets are volatile right now and variable rates are on the rise - the cheapest variable rate online home loan on offer was RateBuster's 7.65 per cent, compared to ANZ's 8.77 per cent.

According to loan comparer Infochoice, there are plenty of cheaper loan options (see tables below). Where they might sting is in the application or termination fees and with the flexibility they offer.

Cheap but not cheerful

Remembering that it was the cheap "teaser rates" offered to thousands of new borrowers in the United States that played a big part in bringing global credit markets unstuck, it might be a good idea to ask what would happen if rates rise. Would you still be able to make the repayments if the starting rate went from, say, 8 per cent to 10 per cent?

In the US the answer was "no" and, when rates began to rise, some people lured by low loans who could not afford the repayments literally walked away from their homes.

Meeting the higher repayments might not be the only trap to watch with cheap loans. Others are the ability to increase the amount and frequency of repayments if you wish to and any costs associated with repaying a loan early.

Negotiate a better rate

It may no longer be common to have a relationship with your bank or credit union manager but dealing almost anonymously with someone online is definitely the extreme as far as communication goes.

No lender yet deals entirely online but if you are not discussing your overall circumstances with anyone, you may be missing out on more than just a cheap home loan rate.

"Assistance with loans can save hundreds of thousands of dollars," says Resi Mortgage Corporation's head of consumer advocacy, Lisa Montgomery.

She cites one example where someone looking to take out a new loan may also have several credit cards and plans to buy a car down the track.

"They could go online and declare all their assets and liabilities and take the loan based on the interest rate they are given," Montgomery says, "or they could talk to someone about consolidating their existing debts into a home loan - potentially reducing the overall interest payments being made on the loan and credit cards.

"Later, when they want to borrow to buy a car, the existing home loan could be split to incorporate the car loan, again making the interest repayments potentially cheaper than if a separate car loan had been obtained."

Then there is the ability to ask for a better rate. "You have nothing to lose, particularly if you are an existing borrower paying a standard variable rate. Otherwise, vote with your feet," she says.

"For years banks have been advertising a standard variable rate but offering various discounts off that. When looking at any loan there is room to negotiate, which is why it can be important to think about forming a relationship with a lender rather than just go for the cheapest option online.

"Some seasoned borrowers choose to buy online because they understand the strategies and feel confident they can maximise all the features of the product. For most people, however, the mortgage is a highly emotional, high-value transaction."

Mortgageport managing director Glen Spratt agrees it is possible to negotiate interest rates on home loans.

"Often brokers who generate a large volume of new business for lenders are well placed to negotiate on behalf of their clients. In some cases they will reduce their commission [paid to them by the lender] to get a better deal for their clients.

"Experienced brokers know which lenders will negotiate and when, as lenders are always balancing market share and profit margins to give them a profitable outcome. Borrowers who borrow larger sums of money usually are better positioned to negotiate," he says.

Extra repayments

Do not underestimate the impact lower interest rates or paying more off your home loan can have on overall interest costs.

If you have a home loan at 8 per cent, every extra dollar you pay off the principal is another dollar you are not paying 8 per cent on each year. If you instead put that extra dollar into a savings account you may only earn 4 or 5 per cent. Therefore putting savings into your loan earns you twice as much as a savings account.

Redraw facilities available on most standard variable loans allow you to take back those extra payments if and when you need them.

Why are rates rising?

The best explanation you will get from any lender about why interest rates are rising is because they currently have to pay more for the money they lend you. Lenders borrow funds from the wholesale credit market which they then lend to customers. The price - or interest - paid for wholesale funds depends on factors including the risk rating assigned to the wholesale lender by rating agencies. The higher the risk, the greater the cost. Global credit markets are being re-rated, mostly to the high-risk category, which is pushing up the costs of funds to lenders and, therefore, borrowers. There has been a longstanding link between the Reserve Bank's official cash rate (currently 6.75percent) and housing loan and deposit rates but the higher cost to lenders is now forcing them to raise rates above the RBA's increases.

By Bina Brown. Extracted from The Age: Money

Feb 20, 2008

My Canon EOS 40D

Yeah! After researching for weeks on the net, I finally got my Digital SLR from eBay. It costs me AUD$1300, which is around $500 cheaper than the street price.

The Canon EOS 40D is a 10-megapixel semi-professional digital single-lens reflex camera. It is the successor of the Canon EOS 30D and can accept EF and EF-S lenses, and like its predecessor, it uses an APS-C sized image sensor, resulting in a 1.6x Field of View Crop Factor.

Feb 16, 2008

ING Direct Updates

Saving Maximiser

High variable interest rate of 6.65%pa that helps you reach your savings goals sooner.
Interest is calculated daily and paid monthly.

Term Deposits

30 day: 6.75% pa
90 day: 7.65% pa
180 day: 7.85% pa
1 year: 8.00% pa
2 year: 7.85% pa