Savers bear brunt of banks' rate cuts
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Savers bear brunt of banks' rate cuts

Sydney : Australia | Oct 18, 2012 at 12:00 AM PDT
Source: Sydney Morning Herald
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Savings account rates have remained relatively higher than the cash rate for the past few years in a bid for institutions to encourage household deposits, which was great for savers," said RateCity spokeswoman Michelle Hutchinson. "These high rates were unsustainable for the long term for institutions... FULL ARTICLE AT Sydney Morning Herald
 
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