Category : Search result: deposits


Major Lender Bans 'Bank of Mum and Dad' Deposits

A leading UK mortgage lender has abruptly banned deposits funded by parental gifts, sparking outrage among first-time buyers and experts who warn it could slam the door on homeownership for an entire generation.

Banks cut deposit rates faster than RBA cuts

As savings surge among Australians, banks are reducing deposit interest rates at a quicker pace than the Reserve Bank’s official cash rate adjustments, squeezing returns for savers.

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