Archive for June, 2010

Macquarie Fixed Term Deposit Review

Wednesday, June 30th, 2010

Macquarie Bank Term Deposits offer fixed, high returns for cash you don't need until later. Offering competitive interest rates across all terms, you can choose your own maturity date. A minimum initial investment of $10,000 is required. There are no establishment or account keeping fees, plus Macquarie Bank Deposits fall ...

Dollar in free-fall after Kevin Rudd deposed by Julia Gillard

Thursday, June 24th, 2010

It's official. Australia now has a new Prime Minister. Welsh born Julia Gillard is now Prime Minister after having won enough votes in leadership battle, and Kevin Rudd standing down. The dollar has already begun sliding, with gains made over the last few days now cancelled out. More to come on what ...

RBA Finally Holds Interest Rates

Tuesday, June 1st, 2010

Finally, after six interest rate hikes in the last 8 months, the RBA has provided a little relief to home owners today by deciding to hold the official cash rate at 4.5%. Citing factors including the fall in the Australian dollar, continued trouble in overseas markets and softening commodity prices, ...