today ING reduced their 90Days FD rate from 7.25% to 6.50%, and 180Days is now 5% and 1 Year is a mere 4.5%..
I was wondering about your opinions on where you'd put your spare cash? I am a conservative type saver and FD had been the best option for me for the past years .. Now half of TDs will be matured by mid Dec I can't help if the rate will go down any further.... should really have locked them into a longer term when the rate was big fat >8%
What other low risk alternatives are good at current economy situation? ANZ has online saver acc for 6.5% but rate subject to change anytime..
Or, how long do you think it will take, for the the good o interest rate will return?
Thanks for all commets