Australia’s consumer price index was at 2. 4 per cent as of december 31. Term deposit rates have already been cut. · retirees and savers are being warned to brace themselves for lower incomes when the reserve bank of australia (rba) cuts interest rates. · australian savers are being warned their money will soon be worth less when kept in the bank. · while good for those with a mortgage, the interest-rate cut adds to savers’ woes. · after the first interest rate cut in more than four years this week, we shine a light on how our financial institutions have responded. · the money in your savings account is now growing more slowly, making it harder to build wealth over time. · households with higher savings balances have been dealt a heavy blow amid the reserve bank’s decision to cut the cash rate. · heres a full list of confirmed savings account rate cuts, plus how a lower interest rate will affect your savings balance. Check to see how the major banks are reacting — and what that means for savers and mortgage holders. This decision comes at a time when australians are already … · the reserve bank has confirmed interest rates will be cut for the third time this year, taking the cash rate down to 3. 60%. · how will rate cuts impact savings accounts? Changes in interest rates influence people s … This means aussie … The reserve bank of australia (rba) is expected to cut interest rates on … When the rba cuts the cash rate, banks respond by … · each month on independent money, we round up the best places to open new savings accounts if you’re looking for the highest interest rates available on a range of account … Whats happening to my savings account after the august rba cash rate cut? Mozo data shows some banks are moving faster … · whats happening to my savings account after the august rba cash rate cut? Now this interest rate influences other interest rates in the economy, such as those charged on your loans, or those you earn on your savings. The central bank is tipped to cut … · interest rates are set to fall in 2025 - and we may have to say goodbye to the days of 5 per cent returns for zero risk. · interest rates have gone down by 0. 25 percentage points. · anz, one of australias big four banks, has made a significant change to the interest rates on its plus save accounts. The rbas rate decisions often impact the interest rates banks apply to savings accounts.