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Westpac increases rates

Monday 20th of August 2007
The main rate changes in the past week were centred on some of the bigger players in the deposit taking sector last week.

Westpac was the only bank to move, and it moved rates aggressively upwards. Its 90-day special is up 170 basis points (1.70%).

The new special, which is interest at maturity, replaces the previous 120-day special of 7.90% which is down 75 point to 7.15%.

Westpac's...

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