13/02/23 . 3 min read
Which banks have hiked term deposits and savings accounts in February 2023?
The ninth consecutive increase to Australia’s national cash rate was revealed last week, making this the fastest hiking cycle in decades. The Reserve Bank of Australia (RBA) has indicated that more rate hikes may be necessary in 2023 to help bring down Australia’s high inflation. This may mean more pain for mortgage holders, savers could potentially benefit from rising rates.