DR - Rate Changes

Deposit rate war kicks off 2010 in longer-dated space

Saturday 16th of January 2010

Westpac raised its two- through four-year terms by 25 basis points, while ASB lifted its two-year rates 30 points and its three- through five-year rates by 25 points.

TSB boosted $5,000 deposits 25 points for 12-month terms, 50 points for 18 months, 35 points for two years, 50 points for three- and four-year terms and 25 points for five years. It raised $10,000 deposits 15 points for 18-...

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