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Big banks slash deposit rates to battle their little financial crisis

July 12, 2018 - 09:15 -- Admin

They’re hanging on desperately, trying not to hike, via Banking Day: Westpac and CBA have decided to defend their net interest margins by hacking further into the returns they make to depositors. CBA this week chopped the base rate on its NetBank Saver account by 30 basis points after Westpac last week also slashed the

The post Big banks slash deposit rates to battle their little financial crisis appeared first on MacroBusiness.

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