06 July – 10 July 2015

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The odds of a cash rate cut have increased over the past few weeks and by the end of last week the market was pricing in an 80% chance of a rate cut by March 2016. A major reason for last week’s move is that China’s volatile share market might lead to lower economic growth in Australia.
There was one minor change to our cash accounts table last week. Westpac’s Esaver reduced its rate by 15bps to 1.75%.

cash-10july

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CASH ACCOUNTS

ProductInt p.a.Special Cond
AMP Saver Account2.60%31 days’ notice
AMP Notice Account2.70%
ANZ V2 Plus0.50%1 dep no w/draw mth
ANZ Progress Saver2.71%Min balance $5,000
Arab Bank Online Savings2.30% Up to $500k.
Bankwest Smarter Esaver3.00%Zero w/draw pm up to $500k
Bankwest Solid Gold Saver2.25%$10k+
BoQ Cash Man Account2.15%Limit 1 w/draw pm
BoQ Bonus Interest Savings2.75%$250k+
CBA NetBank Saver2.00%$200pm dep, $100k lim, 1wd pm
CBA Goal Saver Ac2.90%
Heritage Online Saver2.70%$750,000+
ING Savings Accelerator2.75%$150k+
Macquarie CMA1.90%
ME Online Savings2.25%
NAB Isaver2.00%
NAB Reward Saver3.05%1 dep no w/draw mth
Rams Saver Account3.60%$200 pm no withdrawal
Suncorp eOptions1.90%
Usaver2.31%$200 pm up to $200k
Usaver Ultra3.37%Up to $200k +$2k pm dep
Westpac eSaver1.75%
Westpac Reward Saver2.70%dep $50 and no withdrawals

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