03 Aug – 07 Aug 2015

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Cash rate expectations changed from an 85% chance of a rate cut to a 55% chance of a rate cut after the RBA board meeting statement and the quarterly Statement of Monetary Policy. The unemployment data also contributed to less certainty about a further 25bpts rate cut and even though the RBA forecasts downgraded growth, increased inflation and suggested that unemployment would remain at similar levels for the next 18 months, markets felt the RBA views were moderately positive for the economy.
There were no changes to our cash accounts table last week.

cash-yieldreport-7aug
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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 Saver1.85%$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 Saver2.50%dep $50 and no withdrawals

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