07 Sep – 11 Sep 2015


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There was a big leap in cash rate forecasts last week. With one rate cut fully factored in by June 2016, a second cut was being rated as 50% chance. The chance of the second rate cut evaporated last week as markets digested the latest business confidence and conditions report from NAB. The NAB report has quite clear implications for RBA policy and readers can see why in our report here. Business conditions were strong and Peter Jolly, NAB’s global head of research, said that the RBA usually lifts rates when business conditions are so robust. Markets are also looking towards this week’s US FOMC meeting and what may be the first official interest rate rise in the US for a decade.

There were no changes to our cash accounts table last week.

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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 Saver1.85%$200pm dep, $100k lim, 1wd pm
CBA Goal Saver Ac2.80%
CUA eSaver Plus Account3.00%
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 Saver2.50%dep $50 and no withdrawals