BankSA cuts Term Deposit rate to 3.45%
BankSA moved Term Deposit from 4.95% to 3.45%, a 1.5 percentage point reduction. This was the largest term deposit move recorded that day.
Daily insights ·
3 insights from the product data Australian lenders published under the Consumer Data Right that day, ranked by the size of the move, weighted toward the biggest lenders and the breadth of the reprice. The same wording appears on the home page the morning it is written.
BankSA moved Term Deposit from 4.95% to 3.45%, a 1.5 percentage point reduction. This was the largest term deposit move recorded that day.
While 10 lenders cut term deposits rates, QBANK lifted Term Deposit 12 Month from 5.10% to 5.20%.
Credit Union SA moved Variable Home Loan Package Principal and Interest from 6.54% to 7.24%. Other home loan rates at the bank moved in the opposite direction the same day, indicating a repricing of the range rather than an across-the-board adjustment.
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