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Feb 6 • 01:28 UTC • 🇬🇧 UK • Guardian

Australian banks passed interest rate hikes on to mortgage holders – so why haven’t they done so for savings accounts?

Following a cash rate increase by the Reserve Bank, major Australian banks have raised mortgage interest rates but have delayed adjustments for savings accounts, prompting questions from customers about the inconsistency.

#australia #banks #interest rates #mortgages #savings accounts
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