Term Deposits

PIE funds work exactly like term deposits, except the interest you earn can be taxed at a lower rate. These lower rates are called prescribed investor rates (PIRs): Annual Income Income Tax Rate PIR $15,601-$53,500 17.5% 10.5% $53,501-$78,100 30% 17.5% $78,101-$180,000 33% 28% $180,000+ 39% 28% If you're not sure about your PIR, …

Congratulations to Heartland Bank, for consistently delivering market-leading savings products and winning Canstar's Bank of the Year | Savings Award for the seventh straight year. In the current, high-interest-rate environment, saving towards a more secure financial …

Over recent months, for both borrowers and savers, we’ve seen long-term interest rates fall slightly as shorter-term rates have continued to nudge higher. And, as a result, some savings accounts are now offering bonus interest …

During this era of low interest rates, savings have been – to be blunt – a near waste of time. As the Official Cash Rate dropped, so did mortgage rates, deposit rates, and any incentive …