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ANZ Cuts Savings Interest Rates

#ANZ #InterestRates #HeiseSays.
Wow, ANZ cuts rates!

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  1. tell the savers…go park it in russia, their banks are offering 20%… then again u wont be able to take ur money out due to sanctions, and lower rubble making it lesser then real rubble in your backyard

  2. Years ago i banked with anz. As soon as the interest rates dropped switched to one of their other accounts with a 4month bonus interest rate.

    As soon as the love from ANZ was gone i ran to the arms of another bank lol

  3. There is honestly little reason to keep any financial assets in Australia any more and this should just add to the bleeding of capital out of Australia. We are in the process of committing to an investment in a Turkish term deposit which is legally backed against the value of the USD and will earn over 13%. Banks and the Government in Australia are clearly assuming that people will take their money out of savings and spend it in the economy but increasingly the smart thing to do seems to just take it all elsewhere and be treated better.

  4. Bought physical Gold in 2018 I’m 40% up…10% a year….but Golds just a shiny rock a barbarous relic…yeah right…some people still think it’s money 👍😁

  5. interest rates below official CPI = you are losing money in your "savings" account.
    below inflation = losing even more.
    lower than the REAL CPI = you really are a loser.
    no interest on your REAL CASH put into a bank account, but the bank still wants you to pay interest on imaginary cash (just digits in a computer) they add to your bank account when you borrow..

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