16 Nov – 20 Nov 2015

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The big moves in the cash markets all happened in the previous week and this week changes were minimal. The RBA’s November minutes were released without any surprises and the other local economic data such as the Westpac-Melbourne Institute leading indicator only served to reinforce already-held opinions.

While cash market are factoring in a good chance of a rate cut in 2016, it is still only a 50/50 bet by April 2016 and a 64% chance by October 2016. It’s a reflection of the battle between those who see the sub-trend GDP growth continuing and those who see emergency level interest rates as unnecessarily pessimistic.

There has been one change to our cash accounts table. The RAMS Saver Account rate was reduced by 20bps to 3.40% but it is still the highest rate in the Yield Report survey.

Across all the cash accounts in the Yield Report survey, the average rate is 2.41%.


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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 Esaver2.80%Zero w/draw pm up to $500k
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 Account2.90%
Heritage Online Saver2.70%$750,000+
ING Savings Accelerator2.75%$150k+
Macquarie CMA1.90%
ME Online Savings2.00%
NAB Isaver1.80%
NAB Reward Saver3.05%1 dep no w/draw mth
Rams Saver Account3.40%$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