term deposits

The shift to healthy longer term deposits has begun, and while Australian equities still dominate SMSF portfolios, the way they access them is changing.

As the RBA’s rate hiking campaign appears to approach its peak, investors looking to lock in term deposits should shop around to find the best rates, analysts say, warning that the complacent risk missing out.

Banks, credit unions and building societies have been raising TD rates in tandem with RBA cash rate bumps. For investors, the upwind trail should be treated with caution.

The Reserve Bank has not changed the cash rate since March, when it cut twice, but banks and other deposit takers have been active over the past couple of months trimming at-call and term deposit rates. Investors need to keep on top of how this is impacting their cash holdings. Recent cuts by the big…