![Banks are hungry for term deposits, which means they will pay savers higher interest rates.](/web/20160814162957im_/http://www.brisbanetimes.com.au/content/dam/images/g/o/j/z/a/l/image.related.landscape.460x307.gqknnw.png/1470371037154.jpg)
Finally, some good news for savers
Banks are once again paying more for deposits, but savers may have to part with their cash for longer.
Clancy Yeates writes on business specialising in financial services. Clancy is based in our Sydney newsroom.
Banks are once again paying more for deposits, but savers may have to part with their cash for longer.
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The big winners from low interest rates are those with a mortgage, often at the expense of first home buyers.
The rush to refinance is on but don't fall prey to common mistakes.
For all the fuss about bracket creep, its impact is often overestimated.
There's probably more anxiety than usual about where future jobs will come from.
Households probably can't afford to pile on even more debt and bid up house prices much further.
The economy chalked up one of its more unimpressive records recently: household debt reached a new all-time high.
Think no inflation sounds great? Be careful what you wish for.
Roughly five years into the mining slump, the economy is not falling in a heap, writes Clancy Yeates.
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